Cybersecurity consulting and technology development company, NRD Cyber Security, reported revenue of EUR 3.23 million in 2020, an increase of 14% compared to 2019 revenue of EUR 2.84 million.
According to audited data, NRD Cyber Security also generated a net profit of EUR 321,000 last year, an increase of 38% compared to EUR 232,000 in the same reporting period in 2019.
Income from the private sector in 2020 more than tripled the corresponding income in 2019; in 2020, it accounted for 25% of NRD Cyber Security’s total revenue, and 9% in 2019.
For NRD Cyber Security, with a large number of customers in the finance sector, 2020 was a significant year. In the first half of 2020, NRD Cyber Security activities included the signing of a service contract with the Central Bank of Nigeria, projects at the Central Bank of Egypt and in the country’s commercial banking sector, as well as a cybersecurity investment appraisal project…