Investment Company Earnings Climb 79% in Q1

Analysis

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First-quarter after-tax profit of investment companies overseen by the National Bank of Hungary (MNB) rose 79% year-on-year to HUF 16.6 billion, data published by the central bank and financial market regulator show.

Profit from investment services fell 17% to HUF 11.8 bln. Profit from financial transactions jumped 543% to HUF 14 bln.

Payroll costs increased 17% to HUF 3.3 bln.

The data cover 10 investment companies, two fewer than in the same period a year earlier.

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