Graphisoft Park Q3 profit climbs by more than one-third
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.
ADVERTISEMENT
Business Confidence Worsens, Consumer Confidence Improves
Parliament Negates Mandatory Membership in MOK
Haulier Koncsek Trans Invests HUF 150 mln in Garage Upgrade
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
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.
.jpg)
