Atende improves margins despite 7% revenue fall in Q3

Thursday 19 November 2020 | 15:42 CET | News

Polish IT company Atende said its revenues declined by 7 percent in the third quarter, while the gross profit grew by 18 percent, to PLN 17.84 million. Stable costs led to a 51 percent increase in EBITDA to PLN 6.03 million. The net profit of the group totaled PLN 1.81 million against a net loss of PLN 1.40 million in the year-earlier period. 

Revenue from the main sector of the company, telecommunications and media, grew by 21 percent, the company said.

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Categories: IT
Companies: Atende
Countries: Poland
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