80 bln sales, 5 bln profit at Démász
Thursday, February 10, 2005, 08:03
After a 10.49% hike yr/yr, the balance sheet profit of regional power company Démász Rt showed Ft 4.9 billion profit this year, while sales grew at a more moderate rate of 4.4% to Ft 79.9 billion. The result is mosty due to Q4, when profit increased by 58% as the company spend less on wages, infrastructure developments and maintenance, Démász said. The Q4 profit rise from Ft 563 million to Ft 888 million is spectacular, especially considering that the volume of electricity sold by the company dropped 2.3% to 933 GWh. The market capitalization of Démász is currently Ft 20 billion.