Are you sure?

Hungary printing, paper industry revenue drops to HUF 160 billion in 2009

The members of Hungary Printing and Paper Industry Association had an estimated combined revenue of HUF 160 billion in 2009, down from HUF 168.8 billion in 2008 and HUF 175.5 billion in 2007, association chief Katalin Peller told MTI. The association has 80 members, including 36 printing companies. The printing companies had losses of HUF 2.3 billion on revenue of HUF 104.5 billion in 2009, compared to net income of HUF 3.7 billion on revenue of HUF 107 billion in 2008. In 2007, the printing companies had net income of HUF 2.6 billion on revenue of HUF 99.1 billion. The printing companies' capital expenditures dropped 30-50% in 2009 from about HUF 18 billion in 2008, Peller said. About 12,500 people were employed in the printing industry in 2009, down from 16,000 in 2006. (MTI-Econews)