WARSAW, March 20 (Reuters) - Asseco Poland, Eastern Europe's largest software maker, matched analyst forecasts with a 16-percent rise in 2009 net profit, with a sales boost from European acquisitions.
The group showed a full-year net profit of 373 million zlotys ($131 million), matching the figure seen in a Reuters analyst poll.
Asseco, valued at $1.6 billion, has been on a buying spree around the continent, snapping up mainly smaller rivals, with analysts fretting over the group's foreign margins due to the strengthening zloty.
Europe's No.5 software maker, wants to continue buying this year, using the proceeds from share offers, which are cutting an overhang in treasury shares.
Shares in Asseco have fallen 8 percent this year compared with a 2-percent gain in Warsaw's main WIG20 index.
(Reporting by Kuba Jaworowski) ($1=2.847 Zloty) Keywords: ASSECO EARNINGS (jakub.jaworowski@thomsonreuters.com; +48 22 653 9700; Reuters Messaging: jakub.jaworowski.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The group showed a full-year net profit of 373 million zlotys ($131 million), matching the figure seen in a Reuters analyst poll.
Asseco, valued at $1.6 billion, has been on a buying spree around the continent, snapping up mainly smaller rivals, with analysts fretting over the group's foreign margins due to the strengthening zloty.
Europe's No.5 software maker, wants to continue buying this year, using the proceeds from share offers, which are cutting an overhang in treasury shares.
Shares in Asseco have fallen 8 percent this year compared with a 2-percent gain in Warsaw's main WIG20 index.
(Reporting by Kuba Jaworowski) ($1=2.847 Zloty) Keywords: ASSECO EARNINGS (jakub.jaworowski@thomsonreuters.com; +48 22 653 9700; Reuters Messaging: jakub.jaworowski.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
