Linamar H1 profit rises 19% on improved efficiency
Farm machinery and automotive parts maker Linamar Hungary's first-half profit rose 19% to Ft 771 million from the same period a year earlier as efficiency improved.
Operating profit rose 19% to Ft 1.1 billion. Pre-tax profit also rose 19% to Ft 1.1 billion.
Linamar's automotive component and precision machining division generated 59% of sales and its farm and general machinery segment accounted for 41%.
Linamar had total assets of Ft 23.6 billion on June 30, 2008, 6% more than twelve months earlier. Net assets rose 11% to Ft 18.5 billion. (MTI – Econews)
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.