Alteo Net Profit Jumps 120% in 2022
Listed alternative energy company Alteo had a net profit of HUF 12.9 billion in 2022, up 120% from the previous year, the company said on Friday, according to a report by state news wire MTI.
Consolidated Ebitda rose 57% to more than HUF 20 bln.
Revenue increased to more than 103 bln from HUF 44.2 bln, mainly due to higher energy and district heating prices.
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.