Bulgaria’s Sirma Group Cons Net Profit Soars in 2016

SOFIA (Bulgaria), March 1 (SeeNews) – Bulgarian software developer Sirma Group Holding [BUL:SKK] said on Wednesday its consolidated net profit increased by 65.96% last year, reaching 3.7 million levs ($2 million/1.9 million euro).

Sales revenues added 27.3% rising to 40.4 million levs, mainly due to attracting new customers and increasing the volume of sales to existing clients, Sirma Group said in a press release.

Revenues from the sales of goods rose by 14.71% to 10 million levs, while those from sales of services added 32.2% to 30.4 million levs

Domestic sales revenues rose by 27.1% to 24.3 million levs in 2016, followed by sales in the North American region which increased by 23.6% to 7.8 million levs.

Sirma Group Holding, founded in 1992 simultaneously in Bulgaria and Canada, employs more than 300 and operates on five continents. The company is active in semantic technology, mobile applications, enterprise resource planning, business intelligence, electronic government, financial and bank services.

Sirma Group shares closed 0.78% higher at 1.160 levs on Tuesday as 2,000 units changed hands on the Bulgarian Stock Exchange.

Source: SeeNews
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