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Vodafone sale boosts 2004 Antenna profit

Telecommunication company Antenna Hungária Rt posted Ft 11.58 after-tax profit in 2004, a massive improvement on the previous year?s Ft 1.08 loss. The Ft 11.34 billion revenue from the sale of Antenna?s stake in Vodafone Hungary Rt accounted for most of its net income. Financial profit came to Ft 10.93 billion, significantly better than the Ft 2.11 billion negative balance of financial transactions in 2003. Operating profit, however, fell 63.3% to Ft 804 million, while sales rose 5.7% totaling Ft 26.93 billion.