Penki Kontinentai: €3.5 Million in Profit in 2017

Published: 15 February 2018 y., Thursday

The Penki Kontinentai group, operating in the Lithuanian IT sector for almost 30 years, reported its turnover for 2017 at €34.5 million (compared with €35 million in 2016). The group's unaudited pre-tax profit is €3.5 million and, compared to last year (€2.9 million), increased by almost 20 per cent.

According to Penki Kontinentai Board Chairman Idrakas Dadašovas, the significant group's performance was due to a purposeful analysis of trends in international markets, as well as the development of new as well as previously released products and solutions that fully meet customers’ aspirations and needs.

"We are one of the few companies with Lithuanian capital actively working beyond its borders. Our products and services are well known in 78 world countries, and the last year was quite special for us. We’ve launched a major project in the U.S., which will help us to actively develop in this attractive market. Our protection and video monitoring integrated solution, installed already on 70 thousand unattended devices all over the world, has got a 2017 Lithuanian Product gold medal. We were the first in Lithuania to test the 10 Mbps fiber-optic Internet speed," Mr. Dadašovas says.

According to Dadašovas, the largest portion of revenue in the last year came through services to banking & finance, retail trade, telecommunications companies as well as payment cards processing. The group is leading in Azerbaijan, Georgia, Kazakhstan and the Baltics – and in 2018, it plans to intensify its activities in the Americas, Malaysia and Singapore.

"Last year, we not only optimized our resources in Lithuania, from where, for the most part, our activities will be coordinated – but also invested in subsidiaries in other countries where the number of employees is increased, our services portfolio, in which there will be not only equipment sales, but also business processes optimization and IT resources maintenance, is strengthened. We invested more than €2.5 million in Georgia alone," Idrakas Dadašovas comments.

In 2017, over 24 thousand unattended devices (ATMs) and payment equipment (terminals) in eight countries were serviced. Apart from their supplies and maintenance, the group further developed its successful .iQ software product line for business processes management and monitoring, as well as offered IT outsourcing.

Penki Kontinentai is among the most advanced international corporations working in banking technologies, innovative payment solutions, fiber optic Internet, IPTV and smart home appliances. The groups’ products and services are offered to 78 world countries.

The group includes 21 enterprises, including Penkių kontinentų bankinės technologijos (BS/2), Penkių kontinentų komunikacijų centras, ASHBURN International, and Skaitmeninio sertifikavimo centras. The group’s specialized software and technological solutions created are widely used by international banks, financial institutions, retail and business companies. Penki Kontinentai partners with such leading world companies as Diebold Nixdorf, Cisco Systems, Microsoft, IBM, Motorola and many others.

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

Facebook Comments

New comment

     

 


Captcha
 

"Penki Kontinentai Group" opened an office in Spain

On 24 May 2024 in Alicante was registered the company PENKI KONTINENTAI ESPANA. more »

Strategic session of the "Penki kontinentai" group of companies: exchange of experience and plans for further development

Penki Kontinentai Group employees attended the annual strategy session held in Vilnius from January 22nd to 26th, 2024. more »

ASHBURN International and Rietumu Bank will collaborate to improve acquiring services in the Baltics and EU

This collaboration represents a significant advance in payment services in the European Union. more »

BS/2 has received awards from Diebold Nixdorf for outstanding collaboration results

The BS/2 delegation attended the annual Banking Partner Summit organized by Diebold Nixdorf in Indonesia. more »

BS/2 Makes a Ukrainian Girl's Dream Come True

For the first time, the Lithuanian national cheerleading team achieved podium placements at the European Cheerleading Championship. more »

Ashburn International Readies to Launch Two New Products on The Polish Payments Market

As a result of attending the XI Cashless Congress in Warsaw, several agreements were reached with Polish cashless payment operators concerning ASHBURN International's products. more »

BS/2 and Modern Expo plan to increase the supply the innovative retail equipment to the Baltic States

Together with BS/2, the Ukrainian supplier plans to expand its presence in the Baltic. more »

Penki kontinentai group participates in DUOday for the third year

The Penki kontinentai group of companies has joined the initiative of the social employment agency SOPA DUOday" for the third year in a row. more »

BS/2 representatives took part in the Lithuanian-Azerbaijani business forum

On May 22, a Lithuanian-Azerbaijani business forum was held in Vilnius. more »

20 employees from the “Penki kontinentai” group successfully completed the “Europa” race challenge!

The “Penki kontinentai” team has become the largest for the for the third time in a row more »