Penki Kontinentai Group news

Penki Kontinentai Group of Companies Earned Profit in 2015

In 2015, the Penki Kontinentai group of companies earned over 40 million EUR (compared to over 44 million EUR in 2014).

According to Idrakas Dadašovas, the Penki Kontinentai group of companies board chairman, despite smaller income compared to 2014, the commenced works are going on. In the year to come, better results are expected. “Our main markets currently go through a difficult period, exchange rates fluctuate, businesses reduce and optimize costs. However, we managed to earn some profit. Last year most revenues came from services in the financial, retail, and telecom sectors and our card payment processing solutions. Since our infrastructural investment projects are successfully continued, we expect better results for 2016,” Mr. Dadašovas said.

Speaking about prospects for 2016, Mr. Dadašovas underlined the importance of new projects’ implementation and the continuous search of new markets in Africa, Asia, and the Pacific region.

The group consists of twenty-one companies. These include Penkių kontinentų bankinės technologijos (BS/2), Penkių kontinentų komunikacijų centras, ASHBURN International, and Skaitmeninio sertifikavimo centras. The group, a banking technologies market leader in Azerbaijan, Belarus, Georgia, Kazakhstan, and the Baltic countries, has been active in the banking, retail, and ICT sectors for more than two decades. Its products and services are sold in 70 world countries.

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