BorsodChem had Ft 177.3 bln Q3 sales revenue
Q3 sales revenues however lag behind the performance of the previous quarter, which is primarily due to the scheduled maintenance shutdown executed in the quarter.
BorsodChem Group’s sales revenue in Q1-3 2006 was Ft 177.3 billion or 38.1% up compared to the base partly due to expanded capacities and partly due to exchange rates supporting export and basically favorable market tendencies. Operating profit was in the neighborhood of Ft 14.8 billion or 13.5% up compared to the base. EBIT margin is 8.3%. The shutdown reduced specific margins according to expectations. Primary operational cash flow (EBITDA) shows a 24.4% increase relative to the base, nearing Ft 26.6 billion.
EBITDA margin is 15.0 %, a value in line with industrial sector average. Net income after minority interest amounts to Ft 4.6 billion, which is 45.1% of the base figure. The reason for the decrease thereof is attributed to the significant translation loss booked on foreign currency loans due to the weakening of forint (Ft 4.9 billion). As part of the completion of the previous three-year CAPEX cycle, the Company has spent Ft 20.7 billion on the procurement of tangible assets. (bet.hu)
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.