Revenue edged down 3% to HUF 74.8 bln. The drop in revenue came amid a “significantly lower” energy market price environment, Alteo said.
In a separate press release, Alteo noted that Q1-Q3 results were still over 2022 levels, before the marked increase in energy prices.
The investment arm of Hungarian oil and gas company MOL and two private equity funds hold approximately 73.79% of Alteo’s shares.
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