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.
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