TVK losses narrow in Q4

Music

Petrochemicals company TVK, a unit of Hungarian oil and gas company MOL, on Tuesday reported a fourth-quarter net loss of HUF 581 million, well under the HUF 8.4 billion loss in the base period. Net sales revenue rose 3.4% to HUF 100.3 billion. TVK's operating profit was a slight HUF 344 million, compared to a HUF 6.6 billion loss in the base period. The company attributed the improvement to higher production and sales volume as well as favourable exchange rate changes.

ADVERTISEMENT

Third of Czechs Only Have a Minimum Financial Reserve, Surve... Analysis

Third of Czechs Only Have a Minimum Financial Reserve, Surve...

IMF Urges Hungarian Authorities to Carry out Structural Refo... Government

IMF Urges Hungarian Authorities to Carry out Structural Refo...

New CEO at the Helm of Kifli.hu Appointments

New CEO at the Helm of Kifli.hu

Hungarian Beer Industry Sales up Last Year Drinks

Hungarian Beer Industry Sales up Last Year

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.