Graphisoft Park Q1 profit climbs 50%
First-quarter after-tax profit of Graphisoft Park, a listed company that owns and operates a business park in the north of the capital, rose 50% year-on-year to EUR 1.017 million, an earnings report released Monday shows, according to Hungarian news agency MTI.
Profits were lifted by higher revenues and other income, lower interest costs and a write-off in the base period.
Revenues rose 3% to EUR 2.471 mln. Other income climbed 56% to EUR 126,000. Net interest costs fell 40% to EUR 158,000. The write-off in the base period came to EUR 123,000.
In its guidance for 2017, Graphisoft Park puts revenues at EUR 10.4 mln, up EUR 900,000 from 2016. It targets net profit of EUR 3.5 mln, EUR 300,000 higher than last year.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
