ANY H1 profit up 37% on rising revenues
First-half net income of Hungarian security printing company ANY Biztonsági Nyomda rose 37% year-on-year to HUF 891 million on higher sales and an improved margin, an earnings report published late yesterday shows, according to Hungarian news agency MTI.
Net sales climbed 13% to HUF 11.7 billion. The direct cost of sales increased at a slower pace, rising just 11% to HUF 8.0 bln, and lifting gross profit by almost 20% to HUF 3.7 bln.
Operating profit was up 42% at HUF 1.1 bln.
ANY noted that turnover from card production and personalization grew 49% to HUF 3.0 bln.
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.