SOFIA (Bulgaria), October 22 (SeeNews) – Asseco SEE, the Southeast Europe-focused branch of Polish ICT solutions provider Asseco Group, reported its net profit rose by 8.0% to 6.1 million euro ($7.8 million) in the first nine months of 2014.
The company's net profit on sales increased by 10% to 7.1 million euro in the January-September period while sales revenues rose by 6.0% to 80.2 million euro, Asseco SEE said on Tuesday in its latest financial report.
Asseco SEE operates in Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Macedonia, Moldova, Montenegro, Romania, Serbia, Slovenia and Turkey.
The company posted earnings before interests, taxes, depreciation and amortisation (EBITDA) of nearly 11.3 million euro in the period under review, an increase of 22% over the year.
In the third quarter alone, Asseco SEE's net profit went up by 8.0% on the year to 2.0 million euro. Its net profit on sales grew by an annual 19% to 2.3 million euro as its sales revenues increased by 9.0% on the year.
Asseco SEE develops and implements software solutions and services and offers ICT solutions for various industries like finance, public administration and telecommunications.
($=0.7846 euro)