Are you sure?

Ajka Kristály sees fourfold rise in profits this year

Crystal glassware maker Ajka Kristály said it expects after-tax profit of HUF 170 million on revenue of HUF 2.1 billion in 2011, compared to after-tax profit of HUF 38 million on revenue of HUF 1.9 billion in 2010.

Ajka Kristály had net profit of HUF 62 million on revenue of HUF 788 million in the first five months of this year. The company had net profit of HUF 90 million on revenue of HUF 860 million in the first half of 2010.

CEO Zoltán Katzer said Ajka Kristály spent HUF 90 million on developments at its plant in Ajka (C Hungary) in 2010. The company exports 90% of its products.