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Balaton Shipping boosts revenue in 2005

Balaton Shipping Rt (BH), a ferry company which operates on Lake Balaton, boosted its revenue 19% to Ft 2 billion in 2005, despite a fall in the number of passengers and cars, business daily Világgazdaság reported on Thursday. The company ferried 2.8% fewer cars in the first eight months of last year, the period including the peak tourist season, compared to January-August 2004, and it carried 3.2% fewer passengers, managing director Gyula Horváth told the paper. Still, the ferry company managed to improve its performance, increasing operating profits 80% to Ft 73.5 million, by selecting its suppliers in tenders and reducing the number of employees by 20 to 342, mainly through attrition.

Balaton Shipping ferried 232,000 cars and carried 751,000 passengers in January-August.