Sygnity with PLN 12 EBITDA and revenue at PLN 254 million

IT firm Sygnity reported EBITDA of PLN 11.7 million after the first three quarters of the fiscal year 2017/2018. Adjusted for one-off items, EBITDA stood at PLN 21.3 million. The company has a backlog for 2017/2018 of PLN 335 million. After the first three quarters, revenue came in at PLN 254.2 million and net loss amounted to PLN 1.7 million. The company explained that the results were affected by “one-off items related to the renegotiation of problematic contracts,” and the largest negative adjustment was related to the settlement of a contract with the Social Security Office, which set the firm back PLN 8.2 million over the nine months.