Penki Kontinentai Group Announced Its 1Q Performance Results

Published: 1 July 2016 y., Friday

Penki Kontinentai group announced that its income in 1Q’2016 was €8.369 million. This is 24 per cent more compared to the same period last year (€6.463 million). The group's unaudited profit before tax for 1Q’2016 rose to €828 thousand, compared to €122 thousand a year ago.

According to Idrakas Dadašovas, the Penki Kontinentai group of companies’ board chairman, the significant revenue and profit growth became possible due to successful implementation of current projects as well as new solutions and outsourcing services. "We have expected such a result. Besides, I am confident that in the end of this year the final figures will be even better. We are starting new projects in Turkmenistan, where Asian Games will be held in 2017 – and we are looking for new opportunities in Georgia and Azerbaijan. We are also searching for new markets in Nigeria, Malaysia, Singapore and other world countries", Mr. Dadašovas said.

Penki Kontinentai group of companies has been active in banking, retail and ICT sectors for more than 25 years. Its products and services are sold in over 65 countries worldwide.

Šaltinis: penki.lt
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 »