Company
One Technologies
-1.83%
Base:5,750
opening:5,680
High:5,680
low:5,640
change:48,014
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, Which is engaged in software development and marketing, reports revenues of NIS 739 million in the fourth quarter, an increase of 26% compared to NIS 588 million in the corresponding quarter last year. Net income for the quarter climbed by 21% to NIS 42 million (NIS 38 million attributed to the majority shareholders), compared with NIS 34 million (NIS 32 million attributed to the majority shareholders) in the corresponding quarter last year.
Operating profit in the quarter increased by 23% to NIS 58 million, compared with NIS 47 million in the corresponding quarter last year. Gross profit for the quarter increased by 30% to NIS 127 million, compared with NIS 97 million in the corresponding quarter last year.
EBITDA in the quarter increased by 35% to NIS 87 million, compared with NIS 64 million in the corresponding quarter last year.
Revenues in the past year grew by 44% to NIS 2.72 billion, compared to NIS 1.89 billion in 2020. According to the company, revenue growth was mainly due to the consolidation of the results of Taldor, whose acquisition was completed in February 2021, along with organic growth in the company’s operations. The net profit in 2021 increased by about 40% to about NIS 142 million (about NIS 131 million attributed to the majority shareholders), compared to about NIS 101 million (about NIS 94 million attributed to the majority shareholders) in 2020.
Operating profit in 2021 increased by 38% to NIS 200 million, compared to NIS 145 million in 2020. Gross profit in 2021 increased by 40% to NIS 442 million, compared to NIS 317 million in 2020.
EBITDA in 2021 increased by 51% to NIS 311 million, compared to NIS 206 million in 2020. Cash flow per year increased by 14% to NIS 287 million, compared to NIS 252 million in 2020, and was positively affected. Mainly from the said increase in profits, according to Van.
The company’s total cash and cash equivalents amounted to NIS 302 million. The company’s shareholders’ equity amounted to NIS 564 million and constitutes approximately 29.0% of the total balance sheet. The increase in shareholders’ equity was mainly due to the aforesaid increase in net profit partially offset by a dividend distribution of NIS 83 million paid during 2021 and in accordance with the dividend distribution policy at a rate of 66% of net profit each quarter.
Simultaneously with the publication of the reports, the company’s board of directors announced the distribution of a dividend to shareholders in the amount of NIS 24.8 million.
One Technologies adds that the financial statements show revenue growth, both organic growth and growth due to the acquisition of Taldor and that over the past 3 years the company has grown at a double-digit rate each year.
Adi Eyal, CEO of One Technologies: “We conclude the year with a growth of about 44%, which reflects the successful assimilation of Taldor within the One Group, as well as the contribution of the various activities in which we expanded our presence in the markets, including information security and cloud services, new solutions in BPO worlds, deepening operations “In the public sector and more. These days we continue to explore additional business opportunities that are in line with Van’s business strategy to expand its portfolio of services and products to customers, and to ensure the continued growth trend in the years to come.”
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