Penta Teknoloji Maintains Profitability in Third Quarter, with New Revenue Record
Penta Teknoloji Maintains Profitability in Third Quarter, with New Revenue Record

Penta Teknoloji Maintains Profitability in Third Quarter, with New Revenue Record

24.11.2023

Bringing the products of the world’s leading technology brands to Türkiye, Penta Teknoloji achieved a year-on-year increase of 88 percent in its consolidated revenue in the first nine months of 2023, reaching TRY 12 billion.  

Penta Teknoloji maintained its profitable growth through its continued success in financial performance in the third quarter of 2023. Having reported its financial results for the third quarter to the Public Disclosure Platform (KAP), Penta Teknoloji disclosed its consolidated revenue for the period as TRY 12 billion, with a year-on-year increase of 88 percent. Also increasing its gross profit to TRY 884 million, the company achieved an EBITDA of TRY 615 million with a 71-percent increase, and an EBITDA margin of 5.1 percent. Achieving a profit before taxes of TRY 323 million in this quarter, Penta Teknoloji crowned its successful graphic with a new record.

Erünsal: “We respond to the growing need for technology with innovative products and solutions.”

Highlighting the contribution of this high profitability rate in the year’s third quarter to the company’s rapid growth strategy in the upcoming period, Penta Teknoloji General Manager Fatih Erünsal added: “We managed to increase our 9-month consolidated revenue by 88 percent through our continued successful performance since the beginning of 2023. We make valuable contributions to our country’s digitalization journey by introducing a diverse range of innovative products by the world’s biggest technology companies to the domestic market. We aim to continue offering innovative product and solution options to meet our customers’ growing demand and close the year with major achievements.”