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Kartonpack profit climbs 21% in Q1-Q3

Hungarian packaging maker Kartonpack had net income of HUF 90 million in Q1-Q3, up 21% from the same period a year earlier, the company said in its Hungarian Accounting Standards report.

Net sales were also up 21% at HUF 1.17 billion.

Material costs rose 40% to HUF 749 million, causing operating profit to slip 4% to HUF 85 million.

Kartonpack had total assets of HUF 1.6 billion on September 30, 2010, down 9% from twelve months earlier. Net assets also slipped 9% to HUF 1.13 billion. (MTI – Econews)