MVM revenue doubles in 2021

Power

Consolidated revenue of state-owned energy group MVM rose 100% to HUF 2.851 tln last year, an annual report published on Friday shows.

Cost of sales climbed at a faster clip, rising 169% to HUF 1.937 tln.

MVM was close to break-even for the year, booking a net loss attributable to shareholders of just a couple hundred million forints.

In a separate statement, MVM acknowledged that external factors played a role, in part, in lifting turnover. The group also noted that it acquired Czech peer innogy Ceska Republika in October 2020 and Hungarian electricity company ÉMÁSZ Hálózati in September 2021.

Alteo Shareholders Approve HUF 400/Share Dividend Green Energy

Alteo Shareholders Approve HUF 400/Share Dividend

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

MBH Bank’s Post-merger HR Vision HR

MBH Bank’s Post-merger HR Vision

Box Office Ticket Sales Climb Art

Box Office Ticket Sales Climb

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.