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Pápai Hús sees 5-10% revenue increase in 2011

Hungarian meat company Pápai Hús 1913 Kft, a meat company that went into liquidation in 2006 but was relaunched with government backing in 2009, had revenue of nearly HUF 19 billion in its first business year, daily Napi Gazdaság reported, citing financial manager Zoltánné Kiss. Pápai Hús 1913 projects a 5-10% rise in revenue in 2011. The company operates 13 retail outlets in Hungary, which generated a turnover of HUF 2.4 billion. Pápai Hús has an 8-11% market share in Hungary. (BBJ)