Sławomir Połukord comments on the results of yarrl and presents a new area of business
Sławomir Polukord comments on the company's results and presents a new business area.
Sławomir Polukord comments on the company's results and presents a new area of business. Yarrl S.A. reported a net profit of PLN 1.08 million for the first quarter of 2024, compared to a loss of PLN -0.95 million a year ago. Revenues amounted to PLN 17.46 million — an increase of 330% y/y.
“When analyzing the published results, it is worth paying attention to the nature of yarrl's business. Our revenues are closely linked to the projects we carry out on behalf of our Clients. [...] Since the company, in accordance with the rules adopted by the WSE, publishes quarterly results, which rarely coincides with the project cycle, it will be natural to have better and worse quarters, both in terms of revenue and results. In my opinion, a better period for comparing our achievements will be a period longer than a single quarter, for example a year.” — comments the president of yarrl, Sławomir Połukord.
From the second quarter, the Group plans to present the results achieved by the ZCP team in the form of a new segment “Own product implementation services”, which will lead to more transparent reporting of the results of the segments, which are currently divided into:
- software construction and development services (e.g. your e-PIT),
- implementation of partner solutions,
- call and contact center services,
- organization of conferences and trainings,
- and soon also: the implementation of own products.
The full publication was published on the website of the Association of Individual Investors (SII).