Pasta maker Gyermelyi's revenue climbs 13% in 2010

Telco

Hungarian pasta maker Gyermelyi Tésztagyár had consolidated revenue of HUF 15.9bn in 2010, up 13% from a year earlier, the company told MTI on Thursday.

Retained earnings rose 57% to HUF 1.4bn during the period.

The wholly Hungarian-owned group turns out 23,000 tons of dried pasta a year, of which 90% is sold on the domestic market.

Gyermelyi has spent more than HUF 1bn on investments over the past ten years.

The company will introduce fresh pasta products this year.

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