Life is Hard (LIH) announces an increase in all financial performance indicators in the first quarter of 2022.
Thus, the turnover grew by 16,28%, the net profit improved by 39,64%, and the EBITDA is 49,99% higher than in a similar period in 2021.
Life is Hard has also improved its liquidity, and is preparing the acquisition of a new technology company, for which it will allocate an amount estimated at 2,8 million euros.
In the first part of this year, the turnover reached 6.040.341 lei, of which 48,01% is related to the ITC & TELCO division and 32,46% is generated by insurance (24broker).
The largest share in turnover (46,52%) is the activity in the area of telecommunications, which generated revenues of 2.810.057 lei.
The growth rate had also a positive influence on the operational result, bringing a profit of 521.312 lei, which represents an increase of 69,13% compared to the previous reporting period.
Life is Hard is the first Romanian software development company listed on the Bucharest Stock Exchange, AeRo market.