Brokerage Services

Allterco’s revenue grows 12.6% in Q1’18, loss grows (NEUTRAL)

IT services group Allterco Q1’18 revenue reached BGN 9.6m, a 12.6% increase over the comparable quarter of last year. Growing OPEX, however, led to a net loss of BGN 0.4m. Operating costs rose 16.7% with outsourced services (BGN 7.3m) and personnel expenses (BGN 1.6m) growing by 18.3% and 20.4% respectively. Net cash flow was positive at BGN 0.2m, which was a result of BGN 1.2m debt financing.

Source: Allterco; FFBH

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