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Softline IFRS net profit reaches $8.49 mln in Q4 2024

The company's turnover amounted to 49.6 bln rubles

MOSCOW, February 18. /TASS/. The net profit of Softline, provider of digital transformation and information security solutions, for Q4 2024 under the International Financial Reporting Standards (IFRS) amounted to 777.9 mln rubles ($8.49 mln) after a loss a year earlier, the company said in its financial statements.

The company's turnover amounted to 49.6 bln rubles ($541.2 mln), which is 28% higher than the figure for Q4 2023. Softline's turnover for 2024 increased by 32% to 120.7 bln rubles ($1.31 bln). Gross profit for the period increased by 57% to 37 bln rubles ($403.7 mln).

The company's adjusted EBITDA for 2024 increased by 57% to 7 bln rubles ($76.38 mln).

Softline is an international IT company providing solutions and services in Russia, Eastern Europe, Central Asia, India, and Southeast Asia.

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