BMIT announces 2021 financial results

Leading digital services provider BMIT Technologies plc reported another set of strong results for 2021. Despite the challenges brought about by the coronavirus pandemic realities, the company results keep showing a positive performance.

These results, as approved by the board of directors, were announced in a company announcement with a recommendation to distribute annual dividends of just over €5m (€5,083,775) for the financial year ending 2021, almost €0.025 per share (€0.02497).BMIT Technologies also published its 2021 financial results, showing a year-on-year increase of 5.5 per cent in revenues to €25.3m, with the main drivers for this growth being an increase in demand for cloud and managed IT services. EBITDA amounted to €10.7m, with operating profit surging by almost six per cent to €8.4m.

“Performance in 2021 has shown that the extraordinary global circumstances that unfolded during the year, did not distract us from focusing on our vison for long-term growth that will allow us to deliver healthy returns to our shareholders,” said Nikhil Patil, BMIT Technologies plc chairman. “This year’s recommended dividend to shareholders is in line with our commitment to investors...