ULT Magyarország revenue reaches HUF 6.7 bln last year
Universal Leaf Tobacco (ULT) Magyarország’s revenue edged up to net HUF 6.7 bln last year from the previous year’s HUF 6.5 bln, CEO Imre Bittner told Hungarian news agency MTI today.
ULT Magyarország has so far signed contracts to buy tobacco from more than 3,700 hectares of farmland this year, Bittner said, adding that the company expects to wind up the contract signing this week.
The company bought tobacco grown on about 4,000 hectares last year, MTI’s report said. According to the news agency, ULT Magyarország is paying HUF 520 per kilogram of Virginia tobacco and HUF 420 for a kilogram of Burley tobacco this year.
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.