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MPF Holding pre-tax profit reaches HUF 3.5bn in 2011

Machinery maker and seller MPF Holding had pre-tax profit of more than HUF 3.5bn in 2011, the company’s management told MTI on Wednesday.

MPF Holding’s domestic units generated HUF 1.5bn-1.6bn of profit last year. The rest came from the holding’s activities in Germany, the United States and China.

MPF Holding had pre-tax profit of more than HUF 3bn in 2010.

MPF Holding has six plants and one logistics base in Hungary. In 2010, it bought FEG’s troubled gas heater factory at Ocsa, south of Budapest and it continues to employ the plant’s workers.

MPF had net revenue of HUF 16.6bn in 2010, public records show.