Graphisoft Park Q3 profit climbs by more than one-third

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Graphisoft Park, a listed company that owns and operates a business park in the north of Budapest, saw a rise of 33.7% in after tax profit, reaching €655,000 in Q3 year-on-year, their earnings report revealed late yesterday.

Revenue grew by 5.3%, reaching €2.12 mln with the operating profit rising by 4.1% to €893,000. The high profit was also fueled by an exchange rate gain of €116,000.

Graphisoft Park reported the park's occupancy rate at 95% at the time of the report's publication, finally returning to pre-crisis levels. The company is raising its net profit guidance by €200,000 to €2,300,000 for the year, due to newly signed leases, and it is also targeting a net profit of €2.8 mln in 2015.

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