Former Minister's Industrial Company Sees Sharp Drop in Revenue and Profits
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SAM Industries, a company owned by former Construction and Regional Development Minister László Gyurovszky, experienced a dramatic decline in financial performance last year. The firm's revenues fell to less than half of the previous year's figures, while profits dropped to just a quarter of their 2023 levels. The company had enjoyed exceptional success in 2024, benefiting from investments by refineries that were transitioning away from Russian oil imports following the COVID-19 pandemic. Despite the sharp downturn, SAM Industries continues to invest in expansion, anticipating a recovery in orders. The company's brief period of extraordinary profitability appears to have ended as quickly as it began.