Graphisoft Park Q4 after-tax profit steady
Graphisoft Park, which owns and operates a business park in Budapest, had after-tax profit of €429,000 in the fourth quarter of 2012, up 0.9% year-on-year as falling interest expenses offset rising operating costs. Revenue fell 3.8 to €1.98 million in Q4 2012, Graphisoft Park announced in its consolidated, unaudited IFRS report on Monday. Operating costs were €254,000 in Q4 2012, up 41.9%. Operating profit was €963,000 in Q4 2012, down 13.8% yr/yr. Interest expenses were €337,000 in Q4 2012, down 27.8% yr/yr on improving exchange rates. Full-year after-tax profit was €1.84 million, up 28% yr/yr. Full-year revenue was €8.29m, up 3.06% yr/yr. Full-year net interest expenses were €1.59 million, down 22.9%. Graphisoft Park is an A-category issuer at the Budapest Stock Exchange
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