Locked content Asbis confirms 2018 outlook, may upgrade it

WSE-listed IT company Asbis “fully” confirmed net profit forecast of $9-10 million for 2018. Taking into account the continuation of strong trends from H1, Asbis may update outlook, the company said. In H1 Asbis net profit jumped to $2.9 million from $1.0 million in H1 2017. Revenue grew...

Locked content Asbis May revenue up 75% y/y

Asbis Enterprises reported preliminary revenue in May at about $161 million compared to $92 million a year ago. This is a 75 percent increase y/y. The revenue grew in all Asbis markets, but the biggest growth was recorded on the territory of the former Soviet Union. Strong demand for smartphones was...

Asbis sets up Russian subsidiary

WSE-listed IT company Asbis has set up Asbis Cloud, its Russian subsidiary, the company said in a market filing. Initial capital has been set at RUB 8 million, Asbis holds 85 percent stake, while the remaining 15 percent is controlled by the subsidiary’s managing director Alexey Krutitsky.