The Q1/2025 financial report of EIC shows promising results. Revenue for the quarter reached $5 million, up 20% compared to the same period last year. Net profit reached $1 million, an increase of 15% due to effective cost management and enhanced sales activities. The company also reduced its short-term debt to $2 million, leading to improved profit margins. During the quarter, EIC expanded into new markets and launched new products, promising continued growth in the coming quarters. The management is optimistic about future prospects and aims for a 25% revenue growth target for the whole of 2025.
Leave a Reply