April 23 (SeeNews) - Romanian affiliate marketing company 2Performant [BSE:2P] said on Tuesday that its net profit rose to 869,432 lei ($186,177/174,718 euro) last year, from 258,454 lei in 2022
The company's turnover increased by an 32% to 46.4 million lei last year, it said in an annual financial report filed with the Bucharest Stock Exchange.
The company's adjusted earnings before interest, taxes, depreciation, and amortisation surged by 154% in 2023, reaching 3.2 million lei.
Total assets stood at 19.1 million lei at the end of last year, growing 41% over 2022. Current liabilities amounted to 6.9 million lei, up by an annual 70%.
2Performant projects continued growth in 2024, estimating that its net profit will soar by 143% to 2.1 million lei this year, while its turnover will climb by 55% to 71 million lei.
Established in 2010, 2Performant connects online marketing specialists with online stores and brands based on a cost-per-sale model. The company has been listed on the AeRO market of the Bucharest Stock Exchange since December 2020.
2Performant's shares traded 1.19% higher at 2.55 lei as of 1355 CET on Tuesday on the Bucharest bourse.
(1 euro=4.9762 lei)