Waberer's reports EUR 2.7 mln income
Listed Hungarian hauler Waberer's had first-quarter recurring net income of EUR 2.7 million, improving from a EUR 2.5 mln loss in the base period, according to an earnings report released on the website of the Budapest Stock Exchange.
Revenue fell 18% to EUR 142.3 mln as the company shifted focus in its international transport segment to profitable routes and contracts.
Waberer's noted that there were no non-recurring items booked in Q1 2021 as most costs related to the restructuring of the international transport segment were incurred in 2020.
Direct costs declined 22% to EUR 112.4 mln, outpacing the drop in turnover. Waberer's booked EUR 4.5 mln in operating profit.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Hungary, UAE Sign Defense Industry Agreement
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
