Lleida.net has reported a 1Q21 475% increase in profits before tax to €391k, stemming from a mixture of continued strong SaaS performance (+46%) and lower cash operating costs (-3%) and despite the ICX weakness (-25%) that we already saw in 4Q20 (-23%).
Undoubtedly the high margin SaaS division is emerging as the main locomotive of Lleida.net following the surge of Covid related demand for on-line contracting and notification services.
20 Apr 2021
The shining light of profit growth
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The shining light of profit growth
LleidaNetworks Serveis Telematics SA (ALLLN:PAR) | 0 0 0.0% | Mkt Cap: 12.5m
- Published:
20 Apr 2021 -
Author:
Guillermo Serrano -
Pages:
12
Lleida.net has reported a 1Q21 475% increase in profits before tax to €391k, stemming from a mixture of continued strong SaaS performance (+46%) and lower cash operating costs (-3%) and despite the ICX weakness (-25%) that we already saw in 4Q20 (-23%).
Undoubtedly the high margin SaaS division is emerging as the main locomotive of Lleida.net following the surge of Covid related demand for on-line contracting and notification services.