Finext profit falls sharply in first half
Holding company Finext, the capital-investment arm of Hungarian property developer Futureal, posted after-tax profit of HUF 302.9 million in the first half of 2011, down from HUF 829.8 million in H1 2010, the company announced on Tuesday evening in its unaudited, unconsolidated first-half financial report prepared according to Hungarian Accounting Standards.
Finext had net assets of HUF 872 million on June 30 of this year, compared to net assets of HUF 1.39 billion on June 30 of last year.
Finext, which is a B-issuer at the Budapest Stock Exchange, has generated no share transactions at the BSE since June 2, 2010.
ADVERTISEMENT
Minister Asks Banks to Introduce Voluntary Rate Caps
Gov't Raises 2023 Deficit Target to 5.2% of GDP
Norbert Schőmer Appointed Atenor Hungary Country Director
Pálinka Added to EU-Japan Geographical Indication Deal
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.
