Strong results for leading technology provider BMIT Technologies

Last Updated on Saturday, 7 August, 2021 at 10:47 am by Andre Camilleri

BMIT Technologies plc [MSE:BMIT] just announced strong performance results for the first six months of 2021. Despite the challenges that the pandemic is having on the target markets in which it operates, BMIT Technologies reported a positive performance all round.

Revenue for the first half of the year amounted to €12.8 million, a growth of 9.4% over the same period of the previous year. Group earnings before interest, tax, depreciation and amortisation (EBITDA) grew to €5.7 million, a significant increase of 11% when compared to the same period of 2020. Profit before tax was at €4.4 million, an increase of 13%.

“We are extremely proud of the results we have announced today. BMIT Technologies has showed resilience in the face of unprecedented challenges and has built further on the solid results we have registered last year.  These results are a reflection of decisions that my board and management team have taken during very uncertain times, and we now look forward towards to a sustained performance in the next years”, commented Nikhil Patil, Chairman of BMIT Technologies plc.

“As we are now entering a post-pandemic phase, BMIT Technologies is committed to building on the performance of these last years. Our stated commitment to look at ways how to expand our offering is progressing at a sustained rate, from the technologies we deploy, the solutions we provide to our customers and also our evaluation of options for further market expansion”, added Christian Sammut, Chief Executive Officer.

BMIT Technologies is a leading provider of technology solutions in Malta, offering a range of services in the datacentre, cloud and managed IT services to a wide range of businesses operating in Malta and across Europe.  BMIT Technologies plc is listed on the Malta Stock Exchange [MSE:BMIT].

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