May 16, 2013

Information services AD reports net profit for the 1st Q of 2013

Information Services AD reports operating profit of 876 thousand BGN for the 1st quarter of 2013 and operating profit margin of 17%. The profit, reported by the company, results from the increased revenue, decreased OPEX and SGA and improved operational management, all aiming at maximizing the shareholder's equity value. Compared to the corresponding period of the 1st quarter of 2012, Information Services AD outperforms its financials, reporting revenue increase of 32%, decrease of the fixed cost of 5% and increase of the operating profit of 33 times.

The senior management will continue its policy towards strengthening business growth of the Company, providing strong and solid ground for the further successful development of Information Services AD as the preferred system integrator of the Bulgarian government.