Antenna Q1 net earnings down a quarter
Monday, May 9, 2005, 00:00
Broadcaster Antenna Hungária Rt (AH) said its Q1 net income dropped 26% yr/yr to Ft 973 million from Ft 1.31 billion a year before. AH said its 2004 profit had been boosted by a one-off financial revenue through the sale of its Eutelsat S.A. stake. The group?s net sales were up 9% at Ft 6.5 billion in the first three months, according to consolidated unaudited IFRS figures. The company?s operating profit nearly tripled to Ft 1 billion as operating charges dwindled. AH had registered capital of Ft 11.875 billion at the end of March, while its shareholders? equity jumped 33% to 23 billion.