Arctic Stream | Romania Feed

IT infrastructure and security integrator Arctic Stream (AST.RO) on Wednesday notified the stock market of a recently started inspection by the Competition Council targeting several companies in the Romanian IT sector, a report filed with the Bucharest Stock Exchange shows.

Arctic Stream (AST.RO), an IT infrastructure and security integrator, reported a net profit of RON2.2 million for the first quarter of 2023, up 146% from the net result reported in the year-earlier period, and a turnover of RON29.4 million, up 174% on the year, as per data from the company's quarterly financial report published at the Bucharest Stock Exchange

Romanian-held company Arctic Stream (AST.RO), an integrator of IT infrastructure and security, ended the first quarter of 2022 with a net profit of EUR900,000, double year-over-year, due to an increase of over 150% in revenues up to RON10.76 million (EUR2.17 million), according to the company’s financial report released on Friday (May 13).