ADVERTISEMENT

Wingholding books HUF 255 mln loss in 2016

Telco

Hungarian property developer Wingholding booked a HUF 255 million loss in 2016, an audited earnings statement posted on the website of the Budapest Stock Exchange shows, according to Hungarian news agency MTI.

Wingholding had after-tax profit of HUF 14.5 billion in the base period, when it booked HUF 14.7 bln of dividends. Wingholding had no revenues in either year.

The company had total assets of HUF 40.5 bln at the end of last year, down 5% from 12 months earlier.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.