MVM Books HUF 81 bln Loss in H1
State-owned energy company MVM booked a consolidated first-half loss of HUF 81.1 billion as costs climbed at a faster clip than revenue, an earnings report posted on the website of the Budapest Stock Exchange - where MVM's corporate bonds are listed - on Wednesday shows.
Sales revenue increased 124% to HUF 2.429 trillion.
Operating costs jumped 151% to HUF 2.596 tln.
Gas sales came to HUF 1.375 tln, up from HUF 638.8 bln in the base period.
Electricity sales rose to HUF 825.1 bln from HUF 288.5 bln.
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