ADVERTISEMENT

Paks to pay HUF 8.2 bln dividend to the state on falling revenue

Green Energy

At its annual general meeting on Friday, MVM Paksi Atomerőmű decided that on August 15 it would pay a HUF 8.22 bln dividend on last yearʼs earnings to the Hungarian state, Hungarian news agency MTI reported today.

The revenue of Hungaryʼs sole nuclear power plant in Paks came to HUF 172.9 bln last year, down 6.8% as compared to the previous year. While the volume of energy produced increased, price cuts to consumers lowered earnings, MTI said.

CEO István Hamvas said earlier in February that the power plant generated 15,649 GWh of electricity last year, accounting for 53.6% of national output.

ADVERTISEMENT

Average age of coronavirus patients declining Analysis

Average age of coronavirus patients declining

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.