Graphisoft Park Q4 after-tax profit down 13% on one-off effects
Graphisoft Park, a company that owns and operates a business park in Óbuda, reported after-tax profit of €744,000 in the fourth-quarter of 2014, down 13% from €855,000 a year earlier. But the previous year's result was boosted by an extraordinary €144,000 from litigation.
Without that, after-tax profit was up 4.6%, Graphisoft Park's consolidated IFRS report for the period published yesterday showed. Graphisoft Park said it generated revenue of €2.42 mln in Q4, up from €2.05 a year earlier. The company reported net interest expenses of €343,000 in Q4, up from €195,000. EBIDTA was €2.28 mln in Q4, up 16%.
Graphisoft Park said it had after-tax profit of €2.4 mln for all of 2014, down from €3.96 in 2013, but without one-offs from litigations in 2013, was up 18.5% from €2.03 mln. The company generated revenue of €8.47 mln in 2014, up from €8.13. Net interest expenses increased to €1.29 mln from €1.14 mln in 2013. EBIDTA sank to €7.75 mln from €9.45 mln.
The company had total assets of €68.9 mln on December 31, 2014, down from €72.4 mln a year earlier. Graphisoft Park is a standard-category issuer on the Budapest Stock Exchange.
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.