May 30 (SeeNews) - Bulgarian software developer Sirma Group Holding [BUL:SKK] said on Tuesday its net profit rose to 1.2 million levs ($686,000/613,200 euro) in the first quarter of 2017, from 451,000 levs in the like period of 2016.
Sales revenue increased 10.4 million levs in the January-March period, compared to 8.2 million levs a year earlier, Sirma said in a bourse filing.
Total costs rose to 9.2 million levs in the period under review, from 7.7 million levs the year before.
Operating profit climbed up to 1.3 million levs in the first quarter, from 562,000 levs in the corresponding period of 2016.
Sirma Group Holding, founded in 1992 simultaneously in Bulgaria and Canada, employs more than 300 and operates on five continents. The company is active in semantic technology, mobile applications, enterprise resource planning, business intelligence, electronic government, financial and bank services.
Sirma Group shares closed 0.38% lower at 1.04 levs on Tuesday as 105 units changed hands on the Bulgarian Stock Exchange.
(1 euro=1.95583 levs)