Net turnover of the JSC VEF at the end of the reporting year is 1 299 550 EUR.

Despite the increase of net turnover, the management of the company has executed

cost saving activities and as the result the company finished the year with a profit

amounting 252 572 EUR.

Board recommends the profit of 252 572 EUR to use by covering losses of previous

years.

The Management Board JSC VEF.

Additional information:

Tamara Kampane,

kampane@vef.apollo.lv.