Nutex plans expansion

Hungarian dietary supplement maker Nutex has announced that they are about to expand on its existing markets this year, and they hope to close 2011 with positive numbers.

Nutex and all of its units were profitable at operating level last year and its subsidiaries are expected to be pay dividends, Csereklei said. This year the company counts on growth, especially with the expansion of Organic Mission in Russia, he added. Nutex's two majority-owned pharmacies in Budapest had combined revenue of more than HUF 400 million in 2010. Revenue in Hungary is expected to double in 2011.