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Net proffit for the first 6 months of 2012 tops PLN 204 milion. Finantial Results of the Asseco Group

Financial performance of the Asseco Group in the first half of 2012 was stronger than in the corresponding period last year. Sales revenues reached PLN 2.68 billion, growing 14 percent as compared with the first half of 2011.

Financial performance of the Asseco Group in the first half of 2012 was stronger than in the corresponding period last year. Sales revenues reached PLN 2.68 billion, growing 14 percent as compared with the first half of 2011. Revenues from sales of proprietary software and services increased by 20 percent to reach PLN 2.04 billion. Operating profit improved 6 percent to nearly PLN 372 million. The Group generated a net profit of PLN 204 million, outperforming the year-ago earnings by 11 percent.

 

More and more revenues are generated by Asseco's foreign operations. In the first six months of 2012, sales generated outside Poland accounted for over 70 percent of total revenues, contributing 49 percent to consolidated operating profit. The largest revenue growth was reported by our companies operating in the Israeli market (an increase by 32 percent as compared to the first half of 2011) and in the Balkans (an increase by 11 percent).

 

The Asseco Group continues to build and enhance the scope of its competence and expand its product portfolio. During the first six months of 2012, Asseco strengthened its presence in the U.S. market by acquiring a controlling stake in the company Exzac (fraud management software) as well as in the Israeli market by taking over Netwise Applications (website development). In Poland, our group of companies was joined by CK Zeto (data security, document management and archiving) and SKG (software for taxes, customs, and data auditing). Whereas, in the Czech Republic we acquired NZ Servis, a company specialized in the production of ERP solutions for customs agencies.

 

In the first half of 2012, the Asseco Group signed as much as 1,100 contracts, while 500 projects have been successfully completed. The construction of a new IT center of Asseco Poland in Wilanów has been completed on time – today it is the only Warsaw's office of Asseco, being the place of work for nearly 1,000 employees.

 

Our prosperity in business is also reflected in other fields – the sports teams sponsored by Asseco can be proud of their great successes. Asseco Resovia volleyball players won the first Polish championship title since 37 years, while our basketball team Asseco Prokom Gdynia reached for the gold for the ninth consecutive time.

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