PLN 1.4 mln of Cloud Technologies net profit in Q4 2020

NewConnect-listed technology company that monetizes data from the Internet, Cloud Technologies, achieved PLN 15.7 million in revenues in the fourth quarter of 2020, which means a 25 percent increase y/y. The EBITDA result amounted to PLN 3.4 million and was 9 times higher than the year before, and the net profit amounted to PLN 1.4 million, recording an increase of PLN 2.7 million y/y.

“In the reporting period, we achieved record results from data sales and advertising campaigns.