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TVK first-quarter sales rise by 3%, Ebitda leaps by 52%

8:13 AM MDT | May 8, 2014 | Michael Ravenscroft

Petrochemical producer TVK (Tiszaújváros, Hungary) says sales in first-quarter 2014 were 8.54 billion Hungarian forint ($38.6 million), compared with Ft5.63 billion in first-quarter 2013, an increase of 3% year-on-year (YOY). Ebitda in first-quarter 2014 was Ft8.54 billion, compared with Ft5.63 billion in the year-ago period, an increase of 52% YOY. Operating profit was Ft5.19 billion in the first quarter of 2014, versus Ft2.18 billion in the corresponding period a year ago, or 138%. Figures for 2013 have been restated. Capacity utilization rate was...

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