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Acquisitions, bigger order book lift 4iG earnings

Acquisitions, bigger order book lift 4iG earnings

Listed IT company 4iG had after-tax profit of HUF 2.9 billion in Q1-Q3, up 56% from the same period a year earlier, supported by acquisitions and a growing order book, state news wire MTI writes, citing an earnings report released on Thursday.
Net revenue jumped 58% to HUF 53 bln during the period.

Operating profit slipped 13% to HUF 2 bln on higher depreciation.

4iG said it aims to become the "number one" systems integration company in Hungary, in all areas of IT, and a "dominant player" in Central and Eastern Europe and South-East Europe.

It added that "strong growth" of the group is expected to continue in Q4, "supported by acquisitions and organic growth".

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