The company’s net profit surged 245% on the year to RON118,000 in January-March 2024.
“Innobyte Solutions ended the first quarter of 2024 with a 24.89% turnover growth, compared to the same period of 2023, adding over RON655,000 to the turnover. Profitability climbed to RON118,000 in Q1/2024 from RON34,000 in Q1/2023”, according to company representatives.
The company has more than 40 employees.
In the first three months of 2024, Innobyte Solutions started new projects and continued to develop the existing ones.
Innobyte Solutions ended 2023 with a turnover of RON12.57 million, up 30% from 2022, and its EBITDA stood at RON2.67 million, up 40% from 2022, Innobyte representatives also said.
Innobyte Solutions is fully owned by LIFE IS HARD, a technology company listed on the AeRo market of the Bucharest Stock Exchange.