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Synergon meets income targets

Synergon Group posted Ft 81.2 million after-tax profit in line with its business plan, a 3% rise year-on-year. With a further decrease in demand in Hungary, which is the major market for Synergon, the company saw revenues fall 14% to Ft 4.4 billion, and the good result was achieved owing to the fact that the company was able to increase its efficiency. During the first quarter, the group continued to reorganize its subsidiaries. As a result, its Croatian subsidiary Span d.o.o. became profitable again, and was the most dynamically growing member of the group.