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Powdered drink maker Tutti’s revenue jumps 37% as exports grow

Hungarian powdered drink and ice cream maker Tutti's revenue rose about 37% to HUF 2.8 billion in 2010, lifted by growing exports, managing director and owner Otto Prohászka told MTI.

Exports climbed to HUF 800 million in 2010 from HUF 300 million in 2009, lifted in part by the company's entry onto markets in the Middle East, Prohászka said.

This year, Tutti expects revenue to rise 10%.

Powder for instant drinks make up about 88% of Tutti's revenue.

Prohászka declined to reveal Tutti's profit in 2010, but said it was a record amount for the company.