Poultry company Gallicoop expects to make losses in 2012

The company expects to close 2012 with revenue of HUF 33 billion, Mr Erdelyi said. Losses will „not be too big” because of incremental price rises started at the end of summer, he added. Last year, the company had after-tax profit of HUF 1.1 billion on revenue of HUF 31.7 billion. Gallicoop is a fully integrated poultry company, undertaking all aspects of projection. It controls 8 percent of the poultry and 37 percent of the turkey processing market in Hungary. Next year, Gallicoop aims to process 35,000 tonnes of turkey. The company employs 930 people at its base in Szarvas (SE Hungary).

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