Saf Tehnika A/S Reports Earnings Results for the First Quarter Ended September 30, 2020
November 11, 2020 at 02:51 am
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SAF Tehnika A/S announced earnings results for the first quarter ended September 30, 2020. For the first quarter, the company announced total revenue was EUR 4.708 million compared to EUR 4.026 million a year ago. Operating income was EUR 490,412 compared to EUR 159,815 a year ago. Net income was EUR 378,115 compared to EUR 258,495 a year ago. Basic earnings per share from continuing operations was EUR 0.13 compared to EUR 0.09 a year ago.
SAF Tehnika AS is a Latvia-based telecommunication equipment company, a designer, producer and distributor of digital microwave data transmission equipment. Its products provide wireless backhaul solutions for digital voice and data transmission to mobile and fixed network operators and data service providers. The Companyâs offers three product lines: CFIP family with 366 megabits per second (Mbps) Lumina FODU (Gigabit Ethernet), 108 Mbps FODU (Fast Ethernet) and 366 Mbps PhoeniX Hybrid Split Mount System; CFQ family with high capacity radio equipment (SDH); and CFM family with low to medium capacity radio equipment (PDH). The Company exports its products to 99 countries worldwide, in Europe, the countries of the Commonwealth of Independent States, the Middle East, Asia, Latin America, South America and Africa. As of June 30, 2011, SAF Tehnika AS held a 10% stake in LEO Petijumu centrs SIA. As of April 30, 2011, Mr. Didzis Liepkalns held a 17.05% stake in SAF Tehnika AS.