May 05, 2020

Information Services closed the Q1 of 2020 with six percent better result than set in their Business Plan

During the first quarter of 2020 the company revenues amount to BGN 11.6 million. The growth compared to the Business Plan is 6%, and compared to the same period last year the increase is 119%.

The profit before taxes is BGN 996 thousand, which exceeds three times the amount from the same period last year.

In the first quarter of 2020 the Information Services staff total number increased by 14% compared to the same period of the previous year, which is due to enlarging the scope and volume of activities related to the new functions as a national system integrator. This also results into significant change in the indicators for the current period (revenue growth, operating expenses and profitability), compared to the previous year.

Regarding the comparable projects, during the 2020 there is an increase by 66% compared to the same period in 2019.