Gallicoop expects a difficult year

The Gallicoop Zrt. poultry processing company expects 400-600 million profits this year, which is slightly less than last year, because the Far East markets have not yet recovered after the decline, due to avian influenza, and in Europe, the Polish dumping products are pushing down the prices Erdélyi István Chairman and CEO told MTI.

The company closed the previous year with a profit of about 600 million forints, while its revenue is expected to decrease to 30.7 billion forints.
This year’s expected turnover is negatively affected by the fact that the European market is full of Polish dumping products. (MTI)