VEF Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was USD 16.401 million compared to negative total revenue of USD 61.678 million a year ago. Operating income was USD 15.356 million compared to operating loss of USD 62.170 million a year ago. Net income was USD 15.271 million compared to net loss of USD 62.172 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.09 a year ago.