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IT

Safetech Innovations revenues up 43% to RON 15 mln in 2020

Tuesday 2 March 2021 | 11:58 CET | News
Romanian cyber-sercurity specialist Safetech Innovations saw its turnover grow 43 percent in 2020 to RON 14.7 million. Approximately half of its revenues came from security products, at RON 7.8 million, while RON 6.7 million came from maintenance and support and implementation of security products. Safetech closed 2020 with an operating result of RON 3.8 million, an increase of 117 percent compared to 2019. Net profit grew 148 percent, reaching RON 3.1 million. The company said it ended 2020 with a record high net profit margin of 21 percent.

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Categories: IT
Companies: Safetech Innovations
Countries: Romania
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