SAF Tehnika Announced Consolidated Interim Report for Q4
OREANDA-NEWS. SAF Tehnika's (further Group) non-audited net sales for the fourth quarter of financial year 2012/13 were 2.35 million LVL (3.34 million EUR), increasing by 9% compared to the fourth quarter of the previous financial year meanwhile declining by 9% compared to the previous reporting quarter of the current financial year (Q3 FY 2012/13).
Revenue generated in European, CIS regions decreased by 21% or 0.2 million LVL (0.29 million EUR) comparing to Q3 FY 2012/13 at the same time posting drop (30%) against the respective reporting quarter of the previous financial year. The regions accounted for 33% from the total Groups' revenue.
Sales in Asia, Middle East and Africa increased by 42% or 0.19 million LVL (0.27 million EUR) from the previous reporting quarter of the current financial year at the same time showing a 36% year-to-year growth. The regions generated 28% from the total turnover of the reporting quarter.
Sales in the Americas regions declined by 18% or 0.21 million LVL (0.3 million EUR) compared to the previous reporting quarter of the current financial year while still maintaining positive growth trend by posting a 62% year-to-year growth. The region retained a stable 40% share from the total group's turnover of the reporting quarter.
The Group ended fourth quarter of 2012/13 financial year with a net profit of 14 838 LVL (21 113 EUR), which represents a decrease of 22 919 thousand LVL (32 612 EUR) when compared to respective quarter of previous financial year.
Meanwhile the Groups unaudited net loss for 2012/13 financial year's 12 months was -5 913 LVL (-8 413 EUR).
The Group has diversified its portfolio to become a unique market player among the global point-to-point microwave manufacturers, not only providing equipment and managed services, but also providing solution for radio field engineers with the launch of the SAF Spectrum Compact. Meanwhile the Group prepares for full market enrollment of the announced Integra product, which is designed to be system optimized for small cell backhaul and other dense urban applications.
The Group remains financially stable and with positive outlook for the next operating periods, however the Board of the Group avoids giving any forward-looking sales and financial result statements.