Asseco SEE with PLN 54.6 mln Q4 net profit

WSE-listed Asseco SEE, a unit of Polish IT giant Asseco Poland, posted a PLN 54.65 million net profit in 2017, up from PLN 51.47 million in 2016. EBIT amounted to PLN 65.87 million, compared with PLN 56.78 million the year before with revenues at PLN 570.86 million (PLN 570.63 million in 2016). "Last year was the best one in terms of financial results in the 10-year history of the company. This success was influenced by new regional long-term agreements, both in banking and in the payments segment, as well as the improvement of project effectiveness in the Systems Integration segment. Throughout the year, we have observed increased interest in our offer of mobile solutions as well as in the area of authentication, as well as the processing and authorization of payment cards,” Asseco SEE CEO Piotr Jeleński said. The company’s book order reached to €95.1 million last year.