Masterplast sees a 51% rise in profits
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.
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