White Pearl Technology Group AB (WPTG) announces that its subsidiary, OTT India, has secured a significant contract for billing optimisation. The details are as follows: Key Points: • Contract value: USD 2.2 million • Duration: 12 months • Scope: Billing system optimisation with AI enhancements • Client: Major Metropolitan Municipality in Kenya, East Africa The…
The Board of Directors has today approved White Pearl Technology Group AB’s (WPTG) strategic growth plan for the next five years. Key Points: • WPTG targets estimated annual revenue growth of 20-25% over the next five years. • 2023 performance: Revenue increased by 31% to SEK 239.6 million, and EBITDA margin improved to 14.1%. •…
White Pearl Technology Group is pleased to announce that its Middle East subsidiaries-ECC, Cloud, OTT Middle East, and NDF-have been awarded new contracts valued at more than US$2 million. These new contracts will be delivered over the next 12 months and represent a significant scaling up for WPTG in the Middle East region, particularly in…
White Pearl Technology Group (WPTG) is introducing quarterly reports into its financial practice, starting with Q3 2024. This change aims to provide more frequent and timely information to shareholders and the investment community. Updated Financial Calendar Q3 Report 2024: November 25th, 2024 Q4 Report 2024: February 25th, 2025 Annual Report 2024: April 28th, 2025 Q1…
The global IT-service provider White Pearl Technology Group (WPTG) reports in the Half Year Report 2024, January to June, that the Net Revenue for H1 2024 reached SEK 139.5M, marking a 19.3% increase compared to the same period last year (SEK 116.8M in H1 2023). This growth demonstrates WPTG’s ability to maintain momentum and capitalise…
White Pearl Technologies Group (WPTG) today announced the decision not to pursue the acquisition of the bankrupt estate of Ayima Group AB (Ayima Group) whilst also issuing a forecast for 2024 which shows a continued trend of robust growth across the Group. The Group is expected to produce revenues of around SEK 300M in 2024…
White Pearl Technology Group AB held its Annual General Meeting today, July 29th. Below is a summary of the material decisions made at the meeting. The meeting resolved to approve the income statement and balance sheet, as well as the consolidatedincome statement and consolidated balance sheet, and to allocate the company’s loss according to the adopted…
White Pearl Technology Group AB höll idag den 29 juli årsstämma. Nedan följer en sammanfattning av de materiella beslut som fattades på stämman. Stämman beslutade att godkänna resultat och balansräkning och koncernresultat- och koncernbalansräkning samt resultatdisposition beträffande bolagets förlust enligt den fastställda balansräkningen. Stämman beslutade att ge ansvarsfrihet åt styrelsens ledamöter och verkställande direktör. Stämman…
White Pearl Technology Group (WPTG) continues to show strong organic growth, with revenue increasing by 20% in the first half of 2024 (H1 2024) compared to the corresponding period in 2023. The core business has expanded and grown across all segments. Anticipated profit growth is over 12% compared to the corresponding period in 2023. The…
White Pearl Technology Group (WPTG) signed a Letter of Intent today to acquire 51% of the Indian AI company OneBrain in a cash and share agreement. The transaction is dependent on due diligence, which will now commence, with both parties hoping to finalize the agreement within the next month. The business is expected to produce…