The TELNET Group achieved revenues of 15.1 million dinars in the first quarter of the current year, compared to 13.8 million dinars at the end of March 2002, up 9%.
The R&D division’s revenues increased by 12% to 13 million dinars. This development is mainly due to the continuous increase in the business volume of the Electronic Banking, Multimedia and Telecom activities.
Revenues of the PLM service pole were almost stagnant compared to the first quarter of last year, reaching 1.8 million dinars.
At the end of the first quarter, the company’s EBITDA amounted to 196 thousand dinars, while that of the Group was 3 million dinars.
The EBITDA margin was 24.48% for the company and 20.27% for the group.