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Hungary’s Gallicoop revenue reaches HUF 33.6b in 2014

Hungary’s Gallicoop revenue reaches HUF 33.6b in 2014

BUDAPEST: Hungarian poultry processing firm Gallicoopʼs saw a 4% rise in revenue last year, to HUF 33.6 bln, with output rising by 8% to 32,000 tons, the company said yesterday. Gallicoop bought 40,000 tons of live turkeys from suppliers, 9% more than a year earlier, and turned out 7,700 tons of processed products and 4,300 tons of breaded products. Sales of turkey meat edged up 3% to 24,800 tons, the company said.

Gallicoop said it reinvested roughly HUF 1 bln in profits back into its business. Based in Szarvas, southeastern Hungary, Gallicoop is reportedly the largest turkey processor in the country, with a headcount of more than 900. Hungarians own 85% of the companyʼs shares.