Penki Kontinentai Group news

Revenue and profit of a group of companies “Penki kontinentai” was growing for the first quarter of 2014

Over the first quarter of 2014, consolidated earnings of the group of companies “Penki kontinentai” grew by 58.59 percent, compared to the same period of 2013, and reached 40.6 million litas. Simultaneously, the group’s net consolidated unaudited profit was 2.2 million litas at the end of the first quarter of this year, i.e., 34 percent more than at the end of the same period last year when it was 1.64 million litas.

According to Idrakas Dadašovas, Chairman of the Board of the group of companies “Penki kontinentai,” in 2013, investment of the group’s companies in numerous countries exceeded 17 million litas, while over the period 2014–2015, more than 25 million litas are to be invested, i.e., 8 million litas more than it was invested a year ago.

The group of companies, “Penki kontinentai,” established in 1992, has more than twenty years of experience developing specialized software for banking technology, payment, fiber-optic Internet, Internet Protocol Television (IPTV), telephony, and Smart House sectors. The group offers its services and products in 67 countries around the world. The main focus is on the Baltic region, Central Asian, and Eastern European countries. The group consists of twenty-one companies.

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