Synergon books Q2 loss; revenue falls on base effect
IT company Synergon booked a second-quarter net loss of HUF 97 mln as revenue declined in the base period in Hungary, an earnings report released late yesterday reveals, according to Hungarian news agency MTI.
Revenue was down 50% to HUF 775 mln, falling as the company wound up an order for a passenger information system. The gross margin dropped 56% to HUF 214 mln, while after-tax profit slipped 173% to HUF 108 mln.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.