Higher revenue, improved margins boost Masterplast profit
Net income of bourse-listed Hungarian building materials maker Masterplast rose 16% to EUR 3.03 million last year, lifted by higher revenues and improved margins, an earnings report released late Tuesday shows.
Revenues increased 10% to almost EUR 97.93 mln. Direct costs of sales rose at a slower rate, increasing 7% to nearly EUR 79.9 mln.
Operating profit was up 24% at a little over EUR 4.1 mln. Earnings per share came to EUR 0.21 during the period.
Masterplast said domestic sales climbed 19% to EUR 35.56 mln, while export sales were up 6% at EUR 16.17 mln.
Masterplast is listed in the Equities Prime section of the Budapest Stock Exchange (BÉT), where the latest data show 27.74% of its shares in free float.
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