PROFILE has reported an increase in net profit by 90% for the fiscal year 2005, indicative of the group's expansion in new business sectors both within Greece and abroad as well as the growth of existing business areas. Turnover for the mother company PROFILE SA increased during 2005 by 40% from euro6,6m to euro9,3m, while net profits before tax amounted euro 1,9m from 0,8m in 2004, increased by 123% while net profits after tax were euro1,1 m in 2005 from euro0,5m in 2004, reaching an increase of 121%. Earnings before tax, depreciation and interest (EBITDA) increased from euro1,5m to euro2,9m which accounts for an increase of 99%, while gross revenue reached euro4,6m from euro2,7m in 2004, an increase of 71%. Total group results presented an increase of 27% on turnover from euro8,2m to euro10,4m and net profits before tax reached euro1,5m versus euro0,8m last year showing an increase of 80% and net profits after tax and minority rights increased by 90% from euro0,5m to euro0,9m for the same period. Consolidated EBITDA increased by 74% from euro1,5m to euro2,7m., whilst gross revenue was in 2005 at euro5m from euro3,3m in 2004, an increase of 53%. Based on the company's year end consolidated balance sheet, total assets for 2005 are euro20,1m and net worth amounts to euro11,2m, whilst the bank debt was euro3m. The company successfully completed its first 3year investment plan which was financed by the 2003 IPO. During the past year PROFILE increased market penetration in: - - In the financial sector where PROFILE is specializing in and holds the leading place in the market, achieved an increase in the installation of its high end system IMSplus. New developments and upgrades were also added to the system. Increase on installations is expected for 2006 in conjunction with new partnerships with international software houses (SunGard, NetEconomy) that PROFILE has achieved. - - In the public sector PROFILE has offered integrated solutions to a variety of organisations. PROFILE is already implementing the ticketing system for OSE (Greek Railway organization), while it is bidding for projects for the General State Accounting Office, Hellenic Capital Market Committee and the Ministry of Shipping. -- In the provision of integrated solutions to both private and public sector organisations via its specialised business units of TicketLink, E-Business solutions as well as the pioneering platform of NOUS CRM. It is worth mentioning the a number of international projects have been contributed to this year's sales revenue by 14%, thus confirming PROFILE's strategic objective for expansion to markets outside Greece. The company has already taken on board projects in the UK, Cyprus, Romania, Russia and Nigeria, which proves its competitive positioning abroad. PROFILE maintains its rapid growth during the current fiscal year , both independently and via its successful international partnerships ,reaching its main strategic objectives: to expand beyond the Greek borders, to secure large public sector projects and to maintain its leading position in the Greek financial software solutions industry.
PROFILE provides integrated software solutions in the Financial sector and the wider business sector via its two distinctive business units with offices in Athens, Thessalonica and Cyprus. In particular, PROFILE Financial Solutions Business Unit offers solutions in the fields of Investment Management, Treasury & Risk, Brokerage & Trading, Market Data & Analytics, Shareholders Management and Banking. PROFILE Business Solutions Unit offers software solutions of integrated systems in the field of CRM, e-Business, Ticketing (shipping and ferries and tourism), system integration and education. Website: www.profile.gr