As this has recently been a topic of interest for many investors, so we are happy to announce that the alternative services provider VIA SMS Group, the mother company of VIAINVEST has just published its audited consolidated and separate financial statements for 2019. The report has been published later than usual, as COVID-19 pandemic has severely affected deadlines for submitting audited reports in majority of countries where VIA SMS Group daughter companies operate, however we hope that this will bring transparency and inform our investor community on how VIA SMS Group has concluded the 2019 and give an insight on company’s development plans.
VIA SMS Group has closed the reporting period with a net turnover of EUR 27 672 206 that shows 9% increase in comparison to the same period in 2018. Consolidated net loan portfolio of the Group as to December 31, 2019 was EUR 23 981 774, which has increased by 4% in comparison to December 31, 2018. The growth of Group’s net and credit portfolio was benefited by the successful operations of its daughter companies, especially in Latvia and Romania. The Group’s consolidated net profit is amounted to EUR 387 463.
In 2020 VIA SMS Group will focus on continuous development of the financial services platform VIALET, will continue the work on acquiring the investment brokerage company license for VIAINVEST, as well as foster growth and stabilize its positions in all core markets. VIA SMS Group development plans also include introducing open-ended credit line lending product in all represented markets.
The full report is available on VIA SMS Group website section Investor Relations.