Gallicoop had a difficult year

After last year’s success, year 2012 was the hardest year, since the system change for the Gallicoop Pulykafeldolgozó Zrt. – Erdélyi István, President and Chief Executive Officer summed the position of the company to MTI on Tuesday in Budapest.

The CEO explained all of this with the large increase in grain prices. The company was unable to validate the growth of  prices in its products, because a supply market has been developed in the poultry industry. The company's costs were not recovered, so instead of last year's 1.1 billion HUF profits this year the result is expected to be a positive zero – added the company's top man. (MTI)