According to the report, direct cost of sales was HUF 603 mln, up from the previous year’s HUF 546 mln. The company saw after-tax losses of HUF 457 mln for the whole year, also sharply down from the previous year’s loss of HUF 840 mln.
The company’s direct sales costs in 2014 came to HUF 1.7 bln, up from HUF 1.106 bln, and other costs to HUF 778 mln, down from HUF 935 mln from the previous year.
Annual sales jumped 78.9% to HUF 2.29 bln from HUF 1.28 bln in 2013 as the company’s Miskolc (eastern Hungary) geothermal project started generating heat in the fourth quarter.
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