Carbonex unprofitable for first time last year

Telco

Carbonex, a company that deals primarily in retail sale of coal, was unprofitable for the first time in its twenty-year history last year, Carbonex CEO Deszo Bodi told the business daily Vilaggazdasag in an interview published on Monday.

Mr Bodi said that Carbonex’s net revenue had declined 15% yr/yr to HUF 1.7bn in 2011, attributing the company’s declining results to unseasonably mild winter weather and the weakening of the forint.

Carbonex is considering and expansion of its business locations in spite of last year’s losses, Mr Bodi said.

ADVERTISEMENT

More Romanians at poverty risk since the COVID pandemic Analysis

More Romanians at poverty risk since the COVID pandemic

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.