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Csepel Holding revenue falls by one-quarter, post-tax profit by 4.6% in H1

Hungarian property management company Csepel Holding generated consolidated revenue of HUF 772.7 million in the first half of 2011, down 25% yr/yr, the company's consolidated, unaudited IFRS report for the period published on Friday evening shows.

Consolidated post-tax profit of HUF 49.3m dropped only 4.6% yr/yr, as the company reduced cost of sales by 41% yr/yr to HUF 550.9m and cut financial losses to less than 20% of the base period.

Csepel Holding is a B-category issuer at the Budapest Stock Exchange.