Masterplast operating loss grows as margins narrow
Hungarian building materials maker Masterplast's first-quarter operating loss grew as margins narrowed, but its after-tax loss was lower because of a smaller financial loss, the company's consolidated IFRS report published Thursday shows. Revenue fell 6% to €14.0 million from the same period a year earlier. Cost of sales dropped at just half that pace to €12.4 million, causing Masterplast's operating loss to more than double to €1.2 million. The company's after-tax loss narrowed to €1.1 million from €1.2 million in the base period as financial losses decreased to €79,000 from €722,000. Masterplast had total assets of €55.8 million on March 31, up 4% from twelve months earlier. Net assets rose 2% to €20.9 million.
ADVERTISEMENT
MNB Sees Broadening Disinflationary Impact Till Year-end
Pensioners to Get Inflation Top-up
Revolutionary Rail Freight Transport Tech Presented in Budap...
'Creating CEElicon' Valley in Focus of HVCA Investment Confe...
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.
