ADVERTISEMENT

Poli-Farbe turnover climbs 15% in 2014

Telco

Hungarian paint company Poli-Farbeʼs turnover climbed by 15% to HUF 9.2 bln last year, with after-tax profit rising by 59% to HUF 874 mln and production volume increasing by 8% to 40,700 tons, managing director Antal Szabó said at a press conference in Budapest today.

The managing director said that the firm targets a turnover increase of about 4%, without any rise in prices. He noted that exports to Romania and Slovakia account for about 7% of turnover.

This year, Poli-Farbe is planning to launch a vocational training program for 15-20 local students at its plant in Bócsa, southern Hungary. Hungarian news agency MTI said that last year the company invested HUF 200 mln on a 2,200 sqm production hall, a quality control lab and an office expansion.

Poli-Farbe, which is the only Hungarian-owned business among the three largest companies that control the domestic paint market, is estimated to be worth an annual HUF 24-27 bln and employs a staff of 226.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.