ELMŰ-EMÁSZ revenue falls in H1
Electricity distributors EMÁSZ and ELMŰ had decreased revenue in y.o.y. terms in the first half of 2014, while EMASZ's net profit rose y.o.y. and ELMŰ's declined, the companies' consolidated IFRS reports for the period published on Friday evening show.
EMASZ had net profit of HUF 1.8 bln and revenue of HUF 45.5 bln in H1, up 11.1% and down 7.06%, respectively. ELMŰ had net profit of HUF 4.6 bln on revenue of HUF 112 bln in H1, down 2.4% and 1.1%, respectively. Germany's RWE-EnBW have a majority stake in both ELMŰ and EMÁSZ, while the state-owned Hungarian Electricity Works (MVM) owns a minority of the companies. EMÁSZ and ELMŰ are both Equities Standard-category issuers on the Budapest Stock Exchange
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
