Higher revenue lifted Hungarian property company Appeninn‘s after-tax profit by 24% to HUF 270 million in 2012, the company’s consolidated report for the period shows. Net rent revenue climbed 52% to HUF 795 million. EBITDA was up 91% at HUF 761 million, boosted by HUF 67 million on the “other revenue” line. Appeninn had total assets of HUF 20.1 billion on December 31, 2012, 13% more than twelve months earlier. Net assets increased 17% to HUF 4.7 billion.
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.
