In the first half of 2014, a group of companies “Penki kontinentai” was profitable

Over the first half of 2014, the income of the group of companies “Penki kontinentai” grew by 55.94%, compared to the same period last year, and amounted to LTL 82.93 million. The Group’s revenue amounted to LTL 8.17 million and was two and a half times higher than last year (at the end of the first half of the last year, it was LTL 3.28 million).

According to Idrakas Dadašovas, Chairman of the group of companies “Penki kontinentai,” significant turnover was due to the group’s successful operation in Central Asia, Eastern Europe, and the Baltic region. “Group of companies “Penki kontinentai” supplies its products and provides its services in 67 countries. It holds a leading position in Azerbaijan, Belarus, Georgia, Kazakhstan, and the Baltic region. The main customers of the group are companies operating in the banking and retail trade sectors. In addition to supply and maintenance services for self-service and payment equipment, the “.iQ” family of software monitoring and business process management products developed by the companies is also in high demand in these regions. Moreover, the company successfully develops outsourcing of IT maintenance services in these countries,” said I. Dadašovas.

“Penki kontinentai” is planning to strengthen its positions in the Middle East markets and look for new opportunities to customize its software and hardware for transport, tourism, healthcare, education, and other sectors. It is expected that in 2014-2015, the investment of the group of companies will be up to LTL 28 million.

In 2013, the group of companies’ income was LTL 126.68 million, and its profit amounted to LTL 7.27 million.

About the group of companies, “Penki kontinentai.”

The group of companies, “Penki kontinentai,” established in 1992, has been actively operating in the banking, retail, and IT sectors for more than twenty years. Companies owned by the group develop software and innovative payment solutions, provide fiber-optic Internet, Internet Protocol TV, IT outsourcing services, and install Smart House systems.

The group consists of twenty-one companies. The main companies are JSC “Penkių kontinentų bankinės technologies,” JSC “Penkių kontinentų komunikacijų centras,” JSC “ASHBURN International” and JSC “Skaitmeninio sertifikavimo centras.”