26/03/2024
White Pearl Technology Group expects record growth and profitability in 2023 compared to 2022
Exciting news from White Pearl Technology Group (WPTG)! We're thrilled to share our trading update for the fiscal year ending December 31, 2023.
The WPTG board is delighted to report robust growth in our company group, with expectations of organic revenue soaring by over 20% and profits surging by more than 40% year-on-year compared to 2022. The outstanding performance throughout 2023 underscores the resilience of our diversified business model and global delivery capabilities, navigating market challenges with finesse.
What to expect in our upcoming report:
- Organic revenue expansion of 20-25% in FY2023
- Gross profit margin improvement to over 37%
- EBITDA on the rise by 40-45% compared to the corresponding period last year
- Cash and equivalents increasing by approximately 45-50%
Our continued success is fueled by strong global demand for our solutions and services, supported by significant long-term annuity contracts. Looking ahead, we anticipate increased acquisition activity, reflecting the solid footing and relevance of our business model to both customers and investors.
Thank you to our incredible community for being a part of this journey!