Videoton Holding revenue grew 8% in H1
Hungarian-owned electronic manufacturing service provider Videoton Holdingʼs revenue grew by 8% in the first half of the year compared to the same period last year, co-CEO Otto Sinko said yesterday, Hungarian news agency MTI reported.
Videoton Holding had consolidated revenue of HUF 159 billion for the full year of 2016 and HUF 150 bln for 2015.
Sinko said Videoton had originally expected its revenues to grow by no more than 5% in H1 2017.
Between January and June the company spent HUF 4 bln on new investments, above their average level. Sinko said it was encouraging that it is investing to meet already secured orders.
Videoton is not planning to buy any companies this year, but if a good offer comes along it will be open to it, he added.
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.