GIB records $121.5 million full-year profit

The year-on-year growth in net income was achieved despite a significant increase in expenses relating to the on-going implementation of GIB’s new business strategy. Net income after tax in the fourth quarter was $20 million compared to $20.9 million in the fourth quarter of 2012.

Year-on-year increases were recorded in all income categories, with the exception of foreign exchange and trading income.