Investment company earnings climb 36% in Q1-Q3
Image by Shutterstock.com
After-tax profit of investment companies overseen by the National Bank of Hungary (MNB) rose 36% year-on-year to HUF 12.8 billion in Q1-Q3, state news wire MTI reports, citing data released by the central bank.
Revenue from investment services increased 50% to HUF 331.3 billion during the period.
Total assets of the investment companies stood at HUF 828.2 bln at the end of September, up 162% from 12 months earlier.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
