Revenue rose 4% to HUF 700.1 bln, driven by a 7% increase in mobile turnover which reached HUF 389.4 bln.

Direct costs climbed at a faster clip, increasing 5% to HUF 311.7 bln, but indirect costs edged down 1% to HUF 147.7 bln as headcount declined and severance costs dropped.

MTel booked a financial loss of HUF 13.7 bln for the year, down from HUF 23.8 bln in 2020.