Profits were lifted by higher revenues and other income, lower interest costs and a write-off in the base period.
Revenues rose 3% to EUR 2.471 mln. Other income climbed 56% to EUR 126,000. Net interest costs fell 40% to EUR 158,000. The write-off in the base period came to EUR 123,000.
In its guidance for 2017, Graphisoft Park puts revenues at EUR 10.4 mln, up EUR 900,000 from 2016. It targets net profit of EUR 3.5 mln, EUR 300,000 higher than last year.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
