Linamar Q3 results
Linamar Hungary Rt managed to slightly increase their non-consolidated profit, from Ft 579 million to Ft 600 million yr/yr.
In the first three quarters of 2004, machine manufacturer Linamar Hungary Rt managed to slightly increase their non-consolidated profit, from Ft 579 million to Ft 600 million yr/yr. The growth is mainly due to the Ft 330 million exchange profit on euro-based loans, as opposed to the Ft 208 million loss last year. Sales revenues went down by 3 per cent, with a Ft 480 million decrease in agricultural and generic machine manufacturing sales and a mere Ft 13 million growth in the automotive parts and precision processing branches. Linamar was also unable to increase prices in line with growing base material costs. (Vg 8) M.M.
