Graboplast sees 55% operating profit increase in 2006
Hungarian flooring company Graboplast Zrt expects to close 2006 with operating profit of almost Ft 2 billion, 55% more than in 2005, CEO Péter Jancsó told a press conference in Győr on Friday.
Graboplast expects to finish the year with revenue of Ft 20.5 billion, 21% more than in 2005, Jancsó said. He noted that revenue had fallen in 2005 from a high base in 2004 and will exceed the 2004 figure by 6%-7% this year.
Exports have accounted for 93% of sales in volume terms this year. Graboplast has sold its products in China, Romania, Ukraine, Russia and countries in the Middle East.
In 2007, Graboplast expects to boost revenue 10%-13%. However, profits are expected to stagnate because of higher raw material prices.
Graboplast makes home flooring in Tatabánya, northwest Hungary, parquet in Kecskemét in east-central Hungary and special flooring for sports centers, hospitals or vehicles at its factory in Győr.
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