Bourse suspends trading in Graphisoft until August 21

Deals

The Budapest Stock Exchange (BÉT) suspended trading in the shares of architectural software company Graphisoft SE for the three trading sessions between August 17 and August 21 at the request of the issuer before the expected court registration of Graphisoft Park SE, a real estate company spun off from Graphisoft, the BÉT announced late on Wednesday.

Graphisoft shareholders approved on June 29 a proposal to separate the company's real estate activities from its software activities and place them in a separate company. Graphisoft requested the suspension as the exact date of the registration is not known, which does not ensure the transparency of trading in the shares. The registration of the change will, however, significantly affect the price of the shares.
Graphisoft reported after-tax profit of €3.91 million in the first half of 2006, up from losses of €446,000. First-half revenue increased 23% year on year to €14.35 million in its IFRS consolidated audited H1 report released last week.

 

ADVERTISEMENT

President Novák Meets With Elon Musk Analysis

President Novák Meets With Elon Musk

Gov't Extends Deposit Rate Cap Till Year-end Government

Gov't Extends Deposit Rate Cap Till Year-end

Shell Study: 9 out of 10 Mechanics Grapple With Engine Depos... Automotive

Shell Study: 9 out of 10 Mechanics Grapple With Engine Depos...

Esztergom Guest Nights up 15% in July Tourism

Esztergom Guest Nights up 15% in July

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.