Masterplast's earnings fall on Ukraine write-off

Telco

Hungarian building materials manufacturer Masterplast's net income decreased by 38%, down to €749,000, last year, an earnings report published late yesterday reveals. 

Excluding a write-off related to an investment in Ukraine, after-tax profit would have reached €1.6 mln, Masterplast said. Revenue was flat at €81.6 mln. Direct cost of sales edged down 1% to €69.2 mln. Operating profit fell 1% to €2.7 mln.

The company's EBITDA in Q4 was at €617,000, which shows a growth of 59% as compared to the €388,000 in the base period. With this growth, the company was able to close last year with with an EBITDA of 6.1%, exceeding the targeted 6%. Masterplast foresees an EBITDA of 8% for 2016.

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

New financial director at Heineken Hungária Appointments

New financial director at Heineken Hungária

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.