NewConnect-listed Suntech has published its 1Q results, which represent the first effect of its sales maximisation policy. Following the last-year changes in its cost structure, the company is about to implement specific sales and product solutions.

 

Warsaw, May 20, 2010

The reported three months brought about a significant turnover improvement. The company achieved the sales of over PLN2.2 million versus PLN1.15 million in the first quarter of 2009. The net profit responded to the changes even more strongly and improved the last-year loss of nearly PLN1 million to a profit amounting to over PLN300,000. Similarly, the EBITA reached the level of PLN380,000.

 

Suntech, a public company, has entered into a contract for the funding of research & implementation activities for a business process management platform, with special emphasis on modern multimedia services.

Warsaw, 7 May 2010

The company signed a contract for the financing of work to be carried out under Development and implementation of business process management platform for the provision of multimedia services, WORKDONE. The contract was concluded with the National Centre for Research and Development. The support received amounts to PLN2,346,220 and the entire project is worth PLN3,695,700.