Univer Product expects stagnating revenue in 2011
Univer Product's management expects the Hungarian-owned food company's revenue to be close to the HUF 15.1bn in 2010, CEO Károly Molitorisz said at a press conference on Wednesday.
Univer Product had first-half revenue of HUF 7.5bn, including export revenue of HUF 1.1bn, Molitorisz said. Pre-tax profit came to HUF 224m in the period, he added
Last year, Univer Product's revenue climbed 3%, Molitorisz said when asked by MTI.
This year, the company will spend about HUF 1bn on raw materials, which it only buys from domestic suppliers. It is spending more than HUF 300m on developments this year.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.