Penki Kontinetai Financial Results for the First Quarter Of 2020

Published: 19 May 2020 y., Tuesday

Penki Kontinetai Group's revenue for the first quarter of 2020 amounted to 10.2 million euros. Financial indicators are consistent with the results of the same period last year.

“We take into account the COVID-19 impact on the economies of different countries, and at the same time, we do not plan to change our strategy and investment volumes. Given the current situation of partners in many countries, our specialists develop new technological tools that will help to maintain stable performance in the future,” says Idrakas Dadašovas, Chairperson of the Penki Kontinetai Board.

According to him, in all countries, strategically important for Penki Kontinetai, the government takes decisive measures to stimulate the national economy, which should mitigate the effects of the pandemic. The Group of companies, in turn, fulfills its obligations without applying for government subsidies and retains jobs in all subsidiaries. The Group's staff increased by nine percent compared to last year.

Penki Kontinetai pays particular attention to optimizing business processes based on the principles of joint integrated use of Knowledge Base, project management systems, CRM, and analytics. Operational changes have been made to software products that use forecasting algorithms, taking into account the emergence of cyclic critical situations like arising during a pandemic.

Penkių kontinentų bankinės technologijos (BS/2), specializing in technological solutions for banks and retailers, recorded an increase in financial performance. The company continues to implement projects for the sale of self-service devices, the introduction of software solutions, and the provision of comprehensive outsourcing services.

“This period, as never before, is suitable for the transition to the new .iQ technology platform, which uses new means of data storage, security, monitoring of information resources, access and visual display using cloud technologies and the concept of Big Data. We note that interest in contactless payments and biometric solutions has significantly increased among our partners,” says I. Dadašovas.

ASHBURN International, which has established itself as a provider of flexible innovative solutions for acquiring organizations, continues to develop new software products. The TransLink.iQ system provides the ability to perform the functions of a cash register, payment terminal, and fiscal module on a device running on the Android OS.

The upward trend in financial indicators was also observed in other Group’s companies. The income of Penkių kontinentų komunikacijų centras, which offers Penki IPTV and Internet, as well as outsourcing IT services ProfIT, grew by 6 percent compared to the same period last year.

Penki Kontinentai is the international group of companies working in the areas of banking technology and retail business, innovative payment solutions, fiber-optic Internet, and IPTV, as well as the outsourcing services.

The main companies are BS/2, Penkių kontinentų komunikacijų centras (Penki and ProfIT), ASHBURN International. International banks, financial institutions, retailers, and business companies in more than 80 countries use the specialized software and technology solutions developed by Penki Kontinentai. The Group successfully collaborates with leading world companies such as Diebold Nixdorf, Ingenico, Cisco Systems, Unisys, Gemalto / Thales, Microsoft, Arris, and many others.

Šaltinis: Penki kontinentai
Copying, publishing, announcing any information from the portal without written permission of editorial office is prohibited.

Facebook Comments

New comment




Penki Kontinentai Group's Revenue Exceeded 60 Million Euros

In 2020, the revenue of the Penki Kontinentai Group, which operates in the field of banking technologies, retail, payment solutions, fiber-optic Internet, IT, and outsourcing services, amounted to 62.5 million euros. more »

SPORT1 In HD Quality Is Available for All Penki Viewers

We are pleased to inform all sports fans that from January 2021 Penki TV rebroadcasts the Lithuanian sports TV channel SPORT1 in the basic package not in SD, but in HD quality. more »

BS/2 Starts Supplying Retail Equipment Manufactured By the Chinese Company CCL Tech

BS/2 has signed a partnership agreement with a major Chinese retail solution provider - CCL Tech. more »

Penkių Kontinentų Komunikacijų Centras Joined Clean Internet Initiative

Penkių kontinentų komunikacijų centras (a member of the Penki Kontinentai Group), providing Internet and IPTV services Penki, has joined the Memorandum on Clean Internet Environment of Lithuanian Communications Regulatory Authority. more »

Vynamic Security solution now protects Victoriabank ATMs

Self-service banking infrastructure security is becoming a top priority for most financial institutions. DAAC Systems Integrator, with the support of BS/2 and Diebold Nixdorf, has implemented a project to protect the ATM fleet of the Moldovan bank Victoriabank from logical attacks. The project was implemented using the Intrusion Protection module tools, which is part of the Vynamic Security software package. more »

BS/2 has launched a website dedicated to cash circulation optimization

The BS/2 company has launched a new information website dedicated to the optimization of money circulation at cash points - more »

BasisBank improves ATM Cash Planning with Cash Management.iQ

Georgian BasisBank has implemented the cash flow management and forecasting software Cash Management.iQ. One of the benefits of cash management software is decreased operational costs associated with the ATM network. Cash professionals of the bank are equipped with real-time cash monitoring tools to manage the amount of CIT visits as well as cash inventory and ATM availability KPIs. more »

Penki and 5 facts about television

World Television Day is celebrated around the world on 21 November. We are glad to contribute to the development of television in Lithuania. In 2006, we were the first in the country to offer PENKI IPTV services. more »

Amid Pandemic, Internet Traffic Breaks Records

The coronavirus closed more than half of humanity at home in the spring. Today, it attacks again. Coronavirus affects Internet traffic. It has grown by a third, said the Internet provider Penki. more »

Hindsight: From Ritty's Incorruptible Cashier to Self-Checkout

November 4, 1879, is the birthday of the cash register. Today it is impossible to imagine modern trade without the use of cash registers. They are everywhere: in shops, cafes, and post offices. Who came up with the idea to keep track of cash using the cash register? more »