Masterplast withdraws guidance for earnings
Listed Hungarian building materials maker Masterplast withdrew guidance for earnings issued in January because of "better-than-expected" results, the company said in a disclosure posted on the website of the Budapest Stock Exchange.
Masterplast "no longer considers the profit forecast for 2021 as a guideline and therefore intends to amend it."
The new guidance will be published in September, after the release of first-half earnings, it added. In the guidance issued in January, Masterplast projected its income would rise from an estimated EUR 6.2 million in 2020 to EUR 12-13 mln in 2022. It saw sales rising from EUR 120 mln in 2020 to EUR 176 mln in 2022.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.