Management Reports • Feb 14, 2011
Management Reports
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SAF Tehnika AS commentary on the interview given by N.Bergs on www.naudaslietas.lv
SAF Tehnika AS commentary on the interview given by N.Bergs on www.naudaslietas.lv
The Management Board of SAF Tehnika AS confirms that the aim of the company is to do business with a profit and there is a prognosis for a positive net result in the 3rd quarter. To make it more precise, there is no client with a turnover more than 15% in the last 12 months (and not 10% as was said in the interview) comparing it with the whole turnover in that period and SAF Tehnika AS continues to work on either the increase of the sales to the current clients and the broadening of the circle of the clients. The Management Board also confirms that the process of the buy-back of the shares planned on January 2009 was not executed in defined 18 month period and there is no information received at the moment that the shareholders desire to announce the process of the buy-back of the shares once again.
Aira Loite
CFO
+37167046833
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