Graboplast operating profits double in H1

Pharma

Synthetic flooring company Graboplast Zrt had operating profit of Ft 1 billion in the first half of 2006, double the amount in the same period a year earlier, spokeswoman Ágnes Mónus said on Tuesday.

She attributed the big increase to improved market conditions. First-half revenue increased 21% year-on-year to Ft 9.7 billion, with sales of Graboplast's special-purpose flooring increasing one-third, Mónus added.
Because of Graboplast's big stock of orders, the company is operating its three production facilities around the clock.
Graboplast has made a number of cost-cutting measures, including restructuring the company and setting up a separate marketing and sales division, Mónus said.

 

Graboplast expects to close 2006 with revenue of Ft 21 billion and operating profits of Ft 1.5 billion-Ft 2 billion. Mónus said Graboplast, which relies on exports for 92% of its revenue, can operate competitively as long as the forint/euro cross rate remains between 265 and 275.

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.