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)
Related news
Metro AG reports 7.2% sales growth in the second quarter
Metro AG reported a 7.2% sales growth in the second…
Read more >The poultry sector had a difficult year
2023 was a challenging year for Hungary’s poultry industry, as…
Read more >Hungary is an increasingly important player in the meat industry
In recent years, Central European agriculture has emerged as a…
Read more >Related news
A Hungarian specialist became Danone’s Eastern and Central European sales manager
From this July, Enikő Bolyós organizes and manages the company’s…
Read more >Dynamic expansion in the SPAR franchise network: 19 new stores in Hungary
In the first half of 2024, the SPAR franchise network…
Read more >This is why Hungarians are tired in the summer
Global warming causes an average of 44 hours of sleep…
Read more >