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RFV profit climbs 79% as revenue more than doubles

Hungarian energy efficiency company RFV had net income of HUF 885 million in Q3, up 79% from the same period a year earlier as revenue more than doubled, RFV's consolidated report shows.

Revenue jumped 164% to HUF 6.03 billion during the period. Direct cost of sales rose 313% to HUF 3.94 billion. Gross margin was up 58% at HUF 2.09 billion.

Operating costs increased 67% to HUF 641 million.

Operating profit was up 57% at HUF 1.23 billion.

RFV had total assets of HUF 11.81 billion on September 30, 2010, up 73% from the end of 2009. Net assets rose 34% to HUF 3.43 billion. (MTI – Econews)