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FreeSoft closes successful year

FreeSoft Rt posted Ft 826 million sales revenue in 2004, nearly 30% more than its Ft 634 million turnover in 2003. The company realized Ft 93 milion profit. Including the Ft 95 million turnover that FreeSoft Kft had before merging into its parent company, 2004's yr/yr sales revenue growth was 42% higher than the previous year's. Exports accounted for 18% of 2004 sales. FreeSoft went public in July 2004 with 385,000 shares allocated in an IPO, which boosted the registered capital of the company by Ft 1.4 billion. Trading in FreeSoft stocks started on Sept. 22 at the Budapest Stock Exchange (BÉT).