Revenue of Hungary’s Nordtelekom edged down about 5% to HUF 252 million in 2011, a profit and loss statement published as part of proposals for an annual general meeting of shareholders show.
Material costs fell 30% to HUF 166 million and payroll costs were about level at HUF 39 million, giving the company operating profit of HUF 41 million, compared to a loss of HUF 15 million in the previous year.
Nordtelekom’s net income rose to HUF 32 million from HUF 5 million.
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