Link Computer's Assets Surpass 253 Million Liras in First 9 Months
Foreks - Link Computer (IS: LINK) has announced its unaudited consolidated financial results for the first nine months of 2024.
In the first nine months of this year, the company's total assets rose by 47.6% to reach 253 million 827 thousand lira, while the gross profit for the period was reported at 53 million 946 thousand TL. With 40 years of experience in software solutions, Link Computer Systems Software and Hardware Industry and Trade Inc. continues to grow robustly and steadily. The company, which has embarked on significant collaborations and investments in 2024, has once again proven its strong performance and stance in the industry with the financial results from the first nine months.
The recently published financial statements of Link Computer have taken into account the results adjusted for inflation. According to these results, Link Computer’s unaudited financial results for the first nine months indicate that total assets, which stood at 171 million 879 thousand 601 TL as of December 2023, reached 253 million 827 thousand 641 TL in September 2024, marking a 47.6% increase. The total revenue of the company, which was 72 million 795 thousand 583 TL at the end of last year, increased by 27.9% in the first nine months of this year to reach 93 million 125 thousand 384 TL. Equity, which was 196 million 156 thousand 933 TL in December 2023, was reported as 196 million 727 thousand 205 TL at the end of the first nine months of 2024. The company’s gross profit for the first nine months of 2024 was recorded at 53 million 946 thousand 812 TL, compared to the gross profit of 65 million 499 thousand 403 TL achieved as of December 2023.
"The results for the first nine months are a significant indicator of our solid financial structure," said Murat Pekmezyan, General Manager of Link Computer, commenting on the results. "The financial results we achieved in the first nine months of 2024 demonstrate the company’s commitment to its growth strategy and solid financial structure. We are rapidly advancing on the path of sustainable growth through significant collaborations and strategic investments in 2024. Our collaboration with ASELSANNET in the field of security technologies has allowed us to step into a brand new sector while seizing the opportunity to engage in high value-added defense projects. Additionally, we believe that our agreement regarding the merger with Vitalis Technology, a key player in the information technology sector, will enable us to reach our goals in digital transformation and IoT more quickly. As Link Computer, we aim to shape the future of the technology sector through groundbreaking innovations arising from the synergy created by the combination of the strengths of both companies."
"Over the next five years, we aim to elevate ourselves to a position where we export technology," Pekmezyan stated, emphasizing that Link Computer will continue its investments without slowing down in the last quarter of 2024. He mentioned plans to participate in important projects in defense and security, as well as traffic management and safety. Pekmezyan expressed the intention to create domestic and national products that generate revenue for the country by rising to a position of 'technology exporting company' within the next five years, and spoke about the planned investments for 2025 as follows:
"Our work is ongoing to migrate our ERP (Enterprise Resource Planning) products to the cloud. We will undertake serious initiatives regarding carbon through our Green ERP solution. Creating products that include AI-supported decision-making mechanisms, as well as smart city products utilizing IoT technology, will also be among our priorities. Additionally, we aim to produce value-added products in security technologies and the defense industry, take on numerous domestic and foreign projects with an integrator identity, and provide high value-added solutions by being present in Technopark."