Démász January-September net profits drop 4.7% to Ft 4.777
Démász had net profits of Ft 4.777 billion (€18.4 million) in the first nine months of 2006, down 4.7% from the same period in the previous year, the company said in its report published on Wednesday.
Electricity distributor for southern Hungary Démász, majority-owned by Electricite de France, had net profits of Ft 4.777 billion (€18.4 million) in the first nine months of 2006, down 4.7% from the same period in the previous year, the company said in its consolidated report, prepared according to International Financial Reporting Standards (IFRS) and published on Wednesday. Q3 net profit was Ft 2.220 billion, falling 6.2% from the same period a year earlier. Consolidated earnings per share (EPS) were Ft 1,290 in Q1-Q3 2006, down from Ft 1,353 a year earlier. Q3 EPS dropped to Ft 600 from Ft 639 in January-September 2005.
Démász's revenue from electricity sales increased 26.4% year-on-year to Ft 82.18 billion in January-September 2006. Q3 revenue rose 31.2% year-on-year to Ft 29.636 billion. Revenue rose because of higher tariffs and more sales at D-Energia, Démász's unit for trade on the deregulated market. EBITDA decreased 1.5% year-on-year in the first nine months 2006 to Ft 12.467 billion, and operating profit fell 7.5% to Ft 6.301 billion. (Mti-Eco)
ADVERTISEMENT
Budapest Stock Exchange Profit Climbs 51% in Q1-Q3
Hungarian-American Business Chamber Established in Chicago
Number of Registered Jobseekers Down 3% in November
Mulled Version of Belle-Vue Kriek Makes Debut at Advent Fair
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.
