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Asseco Group earns PLN 105 million in net profit for the first quater of 2012

Asseco Group earned PLN 105 million for the first quarter of 2012, outperforming the last year's net profit by 8%. Sales revenues reached PLN 1.27 billion.

Asseco Group earned PLN 105 million for the first quarter of 2012, outperforming the last year's net profit by 8%. Sales revenues reached PLN 1.27 billion and they increased 6.4% from the corresponding period of 2011. The Group achieved an operating profit of PLN 171 million.

 

Asseco Group consistently pursues its strategy to boost financial results by promoting sales of its proprietary IT solutions. In the first quarter of 2012, sales of proprietary software and services reached PLN 980 million, surging 17% from PLN 840 million reported a year ago, and they accounted for 77% of the total turnover. The largest portions of revenues came from the enterprises sector (44%), banking and finance (32%), and public administration (24%).

 

During the first quarter of 2012, the Asseco Group companies signed a number of prestigious contracts virtually in all sectors of the economy. The most significant contracts concluded by Asseco Poland provide for support and maintenance of software for IT systems used by PZU Life, implementation and maintenance of passenger information system for the Municipal Transport Union of the Upper Silesian Industrial Region, as well as for implementation of a billing system for PGNiG (Polish Oil and Gas Company).

 

Major corporate events during the first quarter of 2012 included approval by the General Meeting of Shareholders of Asseco Poland of a resolution on dividend payment for 2011 amounting to PLN 169.9 million in total (or PLN 2.19 per share), and enabling a potential issuance of series K shares provided 96% of shareholders in Asseco Central Europe agree to a share swap transaction.


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