Higher revenue, improved margin lift ANY profits 63% in Q1
First-quarter net income of ANY Security Printing Company rose 63% year-on-year to HUF 389 million, lifted by higher revenue, an improved margin and the accounting of a rise in value of real estate it purchased, an earnings report released late Friday shows, Hungarian news agency MTI reported.
Revenue climbed 12% to HUF 5.54 billion. Direct cost of sales rose just 10% to HUF 3.79 bln, lifting gross profit 16% to HUF 1.75 bln.
ANY booked a HUF 126 mln gain on the value of real estate it purchased, which helped lift operating profit by 48% to HUF 543 mln.
ANYʼs revenue from security products and solutions edged down 2% to HUF 1.29 bln, but revenue from card production and personalization jumped 39% to HUF 1.32 bln. Turnover of form production and personalization as well as data processing was up 11% at HUF 2.62 bln.
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