The Styl Rt clothing manufacturer recorded a consolidated loss worth HUF173m (US$1=HUF 280) on consolidated sales worth HUF2.55m in the first half of this year, according to MTI Econews. In the same period last year, the company recorded a consolidated loss of HUF32m. Exports fell by 4.6 per cent year-on-year to HUF1.54bn, while sales on the Hungarian market fell by 12.7 per cent. Unconsolidated figures show that operating profits of HUF95m in the first half of last year fell to HUF21m in the first half of this year.
HUNGARY: Styl's First-Half Loss
Get full access to all content, just $1 for 30 days
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 18 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Leonie's offer to you
Risk-free, money-back guarantee
Create sourcing plans that work
Find new apparel sourcing destinations, assess trade flows and manage tariffs. All in one place.
Most Popular
Insights
- Experts point way ahead for African textile sector
- How to build a balanced apparel sourcing strategy
- Technology inertia stalls Africa clothing industry
- 10 ways to Brexit-proof your supply chain
- How labour costs compare for 25 supply countries
News
- New China tariffs will create supply chain chaos
- Bangladesh garment worker wages to increase by 51%
- Calls for tariffs on finished Chinese apparel
- Myanmar garment productivity project adds momentum
- China hits back at US with retaliatory tariffs
Market research
- Generation Z: The Next Wave of Consumers
- Global market review of lingerie – forecasts to 2023
- Apparel categories bundle: Global market reviews of Denim and Jeanswear, Lingerie, Corporatewear and Athleisurewear.
- Fast track: smart textiles and clothing—advances in technology spur innovation
- Editorial: Time to reassess the environmental sustainability of natural fibres versus man-made fibres?
Oops! This article is copy protected.
Why can’t I copy the text on this page?
The ability to copy articles is specially reserved for people who are part of a group membership.
How do I become a group member?
To find out how you and your team can copy and share articles and save money as part of a group membership call James Jordan on
+44 (0)1527 573 618 or complete this form..
