NRD Cyber Security revenue grew 14% in 2020 Vilnius Stock Exchange:INC1L
The consulting and technology development company for cybersecurity, NRD Cyber Security, achieved sales of EUR 3.23 million in 2020, an increase of 14% compared to sales of EUR 2.84 million in 2019. According to verified data, NRD Cyber Security also achieved a net profit of EUR 321,000 last year, which corresponds to an increase of 38% compared to EUR 232,000 in the same reporting period in 2019. Private sector revenue in 2020 more than tripled its corresponding revenue in 2019; In 2020, NRD Cyber Security accounted for 25% of total revenue and 9% in 2019. 2020 was an important year for NRD Cyber Security with a large number of clients in the financial sector. In the first half of 2020, NRD Cyber Security's activities included the signing of a service contract with the Central Bank of Nigeria, projects at the Egyptian Central Bank and in the country's commercial banking sector, and one from the European Investment Bank. The total investments of N