ADVERTISEMENT

CFO: MTelʼs HUF 15-per-share dividend appears tenable

Telco

A HUF 15-per-share dividend, which Magyar Telekom indicated earlier could be paid on 2015 earnings, appears tenable, CFO János Szabó said at a press conference today, according to Hungarian news agency MTI.

In the spring, MTel shareholders voted to place all of last yearʼs earnings into profit reserves.

Magyar Telekom could reach the top range of its targets for the year, Szabó said.

The telco revised its guidance for revenue this year in the Q2 report to "roughly stable" from a "0-3% increase" earlier. It stood by its projection for a 0-3% decline in EBITDA.

The company’s earnings report was published yesterday.

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

Hungary Treats Smooth EU Transition as Priority, Says Bóka EU

Hungary Treats Smooth EU Transition as Priority, Says Bóka

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Inspiring Women at the Focus of Gourmet Fest In Budapest

Inspiring Women at the Focus of Gourmet Fest

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.