Liquidation proceeding was launched against the Magyar Tejtermék Kft.

Liquidation proceeding was initated against the Magyar Tejtermék Kft. (previous name: Tiszatej Kft., before 2011) The company which was profitable earlier, accumulated significant losses in 2010.

The company had a 1.2 billion HUF  turnover in 2010, but operating loss was 43 million and pre-tax loss reachaed 47 million HUF. The company was established in 1993 under the Tiszatej Tejfeldolgozó és Értékesítő Kft. name – writes Világgazdaság Online, after gazdasag.hu.