Penta Technology, which brings together the world’s leading technology brands and IT products with Turkey, increased its consolidated revenue by 84 percent compared to the same period last year, reaching 3.6 billion Turkish Liras in the first quarter of 2023.

Providing consumers with the world’s leading technology brands and IT products, including computers, software, printing solutions, servers, data storage, and network products for over 30 years, Penta Technology announced its first quarter financial results on the Public Disclosure Platform (KAP). Penta Technology’s consolidated revenue in the first three months of the year increased by 84 percent compared to the same period last year, reaching 3.6 billion TL. Penta Technology, which increased its gross profit to 254.7 million TL during the same period, achieved an EBITDA of 169.3 million TL with a 56 percent increase and an EBITDA margin of 4.7 percent. Penta Technology, which achieved a consolidated net profit of 82.3 million TL in the first quarter, had a strong start to 2023.

Fatih Erünsal, CEO of Penta Technology, said, “We continue to provide value to our business partners. We continue to grow in terms of market size and profitability in the IT sector. We maintain our stable growth in the technology product market in which we operate. Thanks to the digital transformation investments of companies in different sectors and the increase in demand in the individual customer segment, we, as Penta Technology, continue to grow steadily in the industry. In the year 2023, where we made a strong start financially, we will continue to produce solutions that will make our business partners more efficient, profitable, and competitive with our technological infrastructure and value-added services.”

Source: (BYZHA) Beyaz Haber Ajansı