Net profit rose from RON1.1 million to RON2.7 million.
“At individual level, cybersecurity services contributed 30% to total turnover, while the implementation of cybersecurity solutions had a 70% contribution.
“(…) Q1 results demonstrate we are on the right path to registering a solid performance this year, in line with the revenues/expenses budget approved by our shareholders during the general meeting of late April,” stated Victor Gansac, Chairman of the Board of Directors and CEO of Safetech Innovations.
At a consolidated level, turnover amounted to RON11.9 million, up 99% from the first quarter of 2023, while net profit reached RON1.4 million, from RON267,519 in the year-earlier period.
Safetech Innovations has been listed on the main market of the Bucharest Stock Exchange since February 6, 2023.
(English version by Catalina Apostoiu)