The reorganization affected the results of Praktiker

Praktiker Group’s third quarter business position in Hungary was affected by extremely difficult conditions – the company told MTI on Thursday.

According to the communication, in the quarter the company was focusing on the questions of the restructuring of the Group, on funding and on the transformation of the relations with suppliers. The group’s turnover was 758 million euros in the third quarter, the operating loss was 17.3 million euros. Pre-tax loss was  32.4 million euros, about the same amount as in the same period of the last year. The financial income improved from minus 22 million euros to minus 15 million euros. (MTI)