ADVERTISEMENT

Masterplast sees a 51% rise in profits

Pharma

Hungarian building materials company Masterplast saw a 51% rise of its after-tax profit, which reached almost €1.6 mln year-on-year on a widening margin, an earnings report published today reveals. The company’s revenue edged up 1% exceeding €26 mln, while direct cost of sales inched down 1% to almost €21.5 mln with payroll costs falling by 17% to approximately €1.9 mln.

Operating profit was up by 20% at €2.2 mln. Sales in Hungary accounted for 26% of revenue in the thrid quarter, meanwhile sales in Romania accounted for 16%, and the company also recorded big sales in Serbia, Ukraine and Slovkia.

ADVERTISEMENT

EBRD puts Hungary GDP growth at 3.5% in 2022 Analysis

EBRD puts Hungary GDP growth at 3.5% in 2022

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Hungary Grande Partenza 'exceeded all expectations' - gov't ... City

Hungary Grande Partenza 'exceeded all expectations' - gov't ...

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.