Higher revenue, wider margin lift ANY profit 31%

Telco

After-tax profit of ANY Security Printing Company climbed 31% to HUF 1.6 billion last year as revenues rose and margins improved, state news agency MTI reported, citing an earnings report released late Monday.

Revenues at ANY Biztonsági Nyomda Nyrt. (ANY Security Printing Company) rose 17% to HUF 24.9 billion. Direct cost of sales increased at a slower rate, climbing 14% to HUF 17.2 bln, lifting gross profit by 24% to HUF 7.7 bln.

Exports were up 11% and generated 37% of revenue, ANY noted.

In a separate statement, CEO Gábor Zsámboki said the companyʼs board would propose an HUF 84 per-share dividend on 2016 earnings at its annual general meeting.

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