Velux Magyarorszag making HUF 5bn of investments in 2011-12
Skylight maker Velux Magyarorszag is making investments totalling HUF 5bn in 2011 and 2012, managing director Zoltan Vincze said in Wednesday’s issue of business daily Vilaggazdasag.
Velux Magyarorszag’s output edged up 4% in 2010, Mr Vincze said.
The company had revenue of HUF 32bn in 2010, down from more than HUF 34bn in the year before the crisis, but up HUF 2bn from 2009. It expects to close 2011 with after-tax profit of about HUF 1.8bn too.
Velux Magyarorszag’s Danish parent company has invested more than HUF 25bn at its Hungarian unit over the past 25 years.
ADVERTISEMENT
Financial Transformation: Now or Never
Gov't Extends Deposit Rate Cap Till Year-end
Media Markt Sanctioned for False Advertising
'Creating CEElicon' Valley in Focus of HVCA Investment Confe...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.
