Graboplast operating profits double in H1
Synthetic flooring company Graboplast Zrt had operating profit of Ft 1 billion in the first half of 2006, double the amount in the same period a year earlier, spokeswoman 脕gnes M贸nus said on Tuesday.
Because of Graboplast's big stock of orders, the company is operating its three production facilities around the clock.
Graboplast has made a number of cost-cutting measures, including restructuring the company and setting up a separate marketing and sales division, M贸nus said.
聽
Graboplast expects to close 2006 with revenue of Ft 21 billion and operating profits of Ft 1.5 billion-Ft 2 billion. M贸nus said Graboplast, which relies on exports for 92% of its revenue, can operate competitively as long as the forint/euro cross rate remains between 265 and 275.
ADVERTISEMENT
Financial Companies' Profits Fall 6%聽in Q1-Q3
Gov't Keeps Rate on General-purpose Student Loans at 7.99%
Coca-Cola HBC Hungary Inaugurates Production Line in Dunahar...
Budapest Police Seize聽Nearly 155 kg of Cocaine in聽Drug Bust
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.
