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Hungarian bookseller Bookline.hu's first-half loss narrowed to HUF 78 million from a loss of HUF 116 million in the same period a year earlier as its sales margin improved, the company's report for the period shows.
Revenue climbed 6.2% to HUF 1.72 billion. Material costs rose at a slower rate, increasing 5.4% to HUF 1.53 billion, and payroll costs fell 11.1% to HUF 186 million.
Bookline.hu's operating loss narrowed to HUF 79 million from HUF 117 million. Bookline.hu had net assets of HUF 1.19 billion on June 30, 2.6% more than twelve months earlier. (MTI - Econews)