The taxed profit of Kometa’99 increased last year
The net sales of the majority-owned Italian Kometa’99 Zrt. last year increased by 21.2 percent to HUF 93.569 billion, and its profit after tax increased by 153 percent to HUF 2.914 billion in one year, the Kaposvár-based meat industry company announced in its annual report on the website of the Budapest Stock Exchange (BÉT).
According to the report, most of the improvement in the net result was explained by the approximately HUF 1.6 billion improvement achieved in the financial result line.
In the examined period, EBITDA increased from HUF 2.929 billion to HUF 3.417 billion. Domestically, the volume of meat sales increased by 1.2 percent compared to 2022, and thanks to the Italian subsidiary, the company achieved a higher growth of 4.3 percent in foreign markets.
Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >Prices are soaring on the poultry market: chicken, turkey and eggs have also become more expensive
In recent months, a significant price increase has taken place…
Read more >Prices of light and heavy lamb continue to rise
According to European Commission data, the European Union’s imports of…
Read more >Related news
Provident: A growing number of Hungarians are finding it challenging to survive on their income
An increasing number of Hungarians are facing a challenge to…
Read more >The domestic labor market remains stable
The domestic labor market remains stable, with the number of…
Read more >Századvég: the population’s assessment of their own financial situation improved in July
Hungarian households reported improved perceptions of their own financial situation,…
Read more >