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Croatia's KING ICT expects over 1 bln kuna (134.4 mln euro) revenue in 2019

Dec 11, 2019, 5:59:27 PMArticle by Stefan Radulovikj
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December 11 (SeeNews) - Croatian software company KING ICT expects its consolidated revenue to exceed 1.0 billion kuna ($149 million/134.4 million euro) this year, in which it has completed major projects, it said.

Croatia's KING ICT expects over 1 bln kuna (134.4 mln euro) revenue in 2019
Photo: KING ICT

The company said in a press release on Tuesday that 2019 is the company's most successful business year so far.

Last month, KING ICT signed a 6.4 million kuna deal with NATO Communications and Information Agency for implementing broadband solutions and communication infrastructure at the Alliance's headquarters in The Hague.

In September, it signed a three-year framework agreement worth 18 million kuna with Croatia's interior ministry for the integration of the 112-192 system, an integrated phone number for all emergency services. In the course of 2019 the company worked on projects for providing its solutions to Croatia's public administration, power utility HEP, road company Autoceste and media houses.

In the region, KING ICT created a software solution for improved processing of asylum-seeking applications, residence permits and visas for Bosnia's security ministry and worked on projects of Bosnian mobile phone operators HT ERONET and BH Telekom.

The Zagreb-based company runs subsidiaries in Bosnia, Serbia, North Macedonia and Kosovo.

(1 euro = 7.43850 kuna)

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