Master Good net revenue climbs 20% in 2014

Hungarian poultry processor Master Goodʼs net revenue rose about 20% to HUF 43 bln last year, owner László Bárány told MTI yesterday. Exports generated 53% of revenue, Bárány said. Net income rose to HUF 2.2 bln from HUF 1 bln in the previous year, he added.

He said the impact of the Russian embargo on the company was limited, as its exports to that country were not of a large scale. Master Good has found substitute markets in South Africa, South Korea, Taiwan and China, he added.

Master Goodʼs capital expenditures came to HUF 9.1 bln in 2014. Last year, the companyʼs headcount reportedly rose by 218 to 1,225. In 2-3 years, when Master Good adds a second shift at its plant in Kisvarda in northeastern Hungary, it will begin adding nearly another 600 jobs, Bárány said.

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