Company

During the last years PCS continues its strong business development and the financial results show constant growth, a fact that consolidates our presence in the financial software industry.

The turnover for 2007 reached the amount of EUR 5.2 millions, with an increase of 53% compared to 2006. At the same time, the total profit of the company before taxes and depreciations (EBITDA) was EUR 1.63 million with a growth rate of 84% compared to the previous year. Finally the total profit after taxes was EUR 1.20 million e - an increase of 60% relative to 2006.

In 2008 and despite the great global recession, PCS continues with a two digit growth. In particular, the total revenue for 2008 reached the amount of EURO 5.98 millions with an increase of 16% compared to 2007. At the same time, the total profit of the company before taxes was EURO 2.06 millions with a growth rate of 21% compared to that of the previous year. Finally the total cash liquidity reached the amount of EURO 3.7 millions, an annual increase of 70%.

It was inevitable that the Global Economy recession would have negative impact on PCS's financial figures. The total revenue for 2009 was formed to the amount of EURO 4.1 million whereas the company continued to display relative good profits. The total Profit before Tax were EURO 818 thousand corresponding to a 20% profit percentage (one of the highest percentages in the market). At the same time, the actual available cash (free cash) reached the amount of EURO 3.2 million with zero loan obligations.