International Turnkey Systems posts 36 percent profit increase for 2003
Middle East IT solutions provider International Turnkey Systems (ITS) has announced a 36 percent profit increase in its 2003 revenues.
ITS has provided information systems to institutions of higher education, specifically for registration processing in universities including American University for Technology in Lebanon, Aft College, and Al-Imam University in Saudi Arabia. The company was recently awarded the contract to supply and establish information systems for MTC Vodafone in Bahrain.
“ITS witnessed an increase in its client base to include 57 banks and finance institutions and 11 telecommunication companies and is a shareholder in the Zajel telecommunication company, a Kuwaiti company with expertise in providing internet services and telecommunications,” said ITS Chairman, Samir Al-Nafissi.
“Currently, the company wholly owns IT SOFT bonds which is a shareholder in free zone technology systems in Egypt and specializes in program implementation,” he added. “The company is also finalising plans to enter the international market and is currently concentrating on providing turnkey solutions in two major sectors - banking and finance, and telecommunications.”
Incorporated in 1981, ITS is an IT solutions provider with an established presence in Middle East and North Africa. ITS offers integrated solutions for the banking and finance, telecommunications, retail, oil and gas and higher education industries. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
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