Masterplast profit falls as margins narrow

Telco

Hungarian building materials company Masterplastʼs third-quarter net income fell 9% to €1,423,000 from the same period a year earlier as margins narrowed, an earnings report released late yesterday shows.

Revenue rose 3% to €26,875,000, but direct cost of sales rose at double that pace to €22,815,000.

Masterplast blamed the narrower margin on higher feed stock costs and unfavorable exchange rate changes.

It added that payroll costs rose 5% at €1,963,000 as production activities expanded and efficiency improved.

Masterplast practically broke even on the financial profit line, improving from a €254,000 loss in the base period, which also favorably impacted the bottom line.

Masterplastʼs domestic sales generated 25% of revenue in Q3. Sales in Romania accounted for 16%.

Lender Liquidity Increases Further Banking

Lender Liquidity Increases Further

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Home Rental Rates in Hungary Rise 11.7% in March Residential

Home Rental Rates in Hungary Rise 11.7% in March

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

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.