Joint stock company Rigas autoelektroaparatu rupnica announced the financial results for the year ended December 31, 2016. For the year, the company reported net turnover of LVL 48,373 as compared to LVL 567,347 a year ago. Loss before income tax was LVL 273,713 as compared to profit before income tax of LVL 47,785 a year ago. Loss after income tax was LVL 273,713 as compared to profit after income tax of LVL 47,785 a year ago. Loss per share was LVL 0.077 as compared to earnings per share of LVL 0.013 a year ago. Net cash flow out flow from operating activities was LVL 35,038 as compared to net cash flow from operating activities of LVL 229,568 a year ago.