Gloster H1 Turnover Climbs 49%

Figures

Photo by Korrektor10/Wikimedia Commons

First-half net sales revenue of listed IT company Gloster rose 49% year-on-year to HUF 2.61 billion, state news wire MTI writes, citing an earnings report.

Export revenue increased to HUF 741 million in H1 from just HUF 36 mln in the base period.

Gloster's after-tax profit climbed to HUF 144 mln from HUF 35 mln.

Gloster said its business will continue to expand supported by organic growth, higher exports, acquisitions, the establishment of IT service centers in university towns, and streamlined head office operations.

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