on GECI INTERNATIONAL (EPA:ALGEC)
GECI International’s 2023-2024 annual results showing significant progress
GECI International announces a significant increase in its results for the 2023-2024 financial year. The turnover amounted to €22.7 million, marking an increase of 10.4% compared to the previous year. Operating profit increased to €1.7 million, showing a notable improvement after a loss of €0.4 million last year.
This performance is attributable to strategic management including the sale of non-essential assets and the favorable resolution of a dispute. The company also strengthened its position in High Performance Computing and Financial IT.
The Board of Directors ratified these results, which show a strengthening of shareholders' equity to €7 million and a reduction in net debt to €0.9 million. The outlook for the digital and technology markets remains optimistic, notably thanks to the Alliance Services Plus subsidiary.
R. H.
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