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Frozen food company Fevita revenue up 11% in H1

Szekesfehérvári Hűtőipari (Fevita), which controls more than one-fifth of Hungary's frozen food market, had revenue of HUF 2.72 billion in the first half, up 11% from the same period a year earlier, deputy-CEO László Kúthy told MTI.

Domestic sales rose 8% during the period and exports sales climbed 18%, Kúthy said.

First-half profit slipped 45% to HUF 111 million.

Fevita's deliveries of fresh fruit and vegetables from suppliers have fallen 30-50% this season because of wind, rain and hail in May, Kúthy said.

Fevita had revenue of HUF 4.75 billion and profit of HUF 170 million in 2009. It targets slightly higher or stagnating revenue in 2010. (MTI – Econews)