ATP's Net Profit Soars by 116% to Reach 337.2 Million TL
Foreks - ATP Software and Technology Inc. (ATP) has announced its financial results for the third quarter and the first nine months of 2024. During the nine-month period, ATP increased its revenue to 1.42 billion TL and achieved a net profit of 337.2 million TL, reflecting a real increase of 116%. With a strong operational performance, ATP raised its gross profit by 40% compared to the same period last year, while its EBITDA reached 430.7 million TL, marking a 57% increase.
Expressing that they demonstrated strong financial performance in the third quarter of 2024, ATP CEO Ümit Cinali stated, “The robust financial results we achieved in the third quarter contributed to a successful completion of the first nine months of the year. Despite ongoing macroeconomic uncertainties in both local and global environments, we continued to grow our sustainable business model by adding innovative technology solutions.” Cinali added, “We are seeing promising results from our investments in global markets. Countries such as South Africa, Botswana, Zambia, and Azerbaijan have been added to the list of countries we serve. International markets account for 27% of our revenues, while 61% was generated in foreign currencies. We had a successful period in our local operations and expanded our customer portfolio. We maintained double-digit profitable growth across all our business areas.”
Through investments and project gains made in the first nine months of 2024, ATP has improved its competitiveness in the sector, achieving its profitability and growth targets. The company focuses on delivering innovative solutions that anticipate change and technologies that optimize business processes. With the addition of the ‘GreenX’ and ‘RobotX’ brands to its solution portfolio in 2024, ATP aims to reduce environmental impact and enhance operational efficiency for businesses, positioning itself as a significant player in the fields of industrial sustainability and robotic solutions.
For the remainder of 2024, ATP plans to further grow its revenue and profitability by increasing the use of artificial intelligence, machine learning, blockchain, and robotic automation while accelerating its operations in global markets.