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HybridBox announces ownership structure

HybridBox Médiainformatika, a Hungarian company whose hardware and software combine internet and television in a seamless platform, is 98.04% held by two Hungarian individuals, the company said on Monday.

HybridBox shares will start trading in the 'B' category of the Budapest Stock Exchange on September 29.

Attila Reisz holds 78.43% and Gábor Poczkodi holds 19.61% of the shares. The remaining shares are held by Miklós Kondi.

HybridBox will float 10.2 million existing shares with a nominal value of HUF 50 apiece, accounting for the company's entire share capital of HUF 510 million.

HybridBox expects to generate revenue of HUF 142 million in 2010, although cost of sales and operations will reach HUF 293 million, putting it in the red. In 2011, the company expects revenue to rise to more than HUF 1 billion and projects pre-tax profit of HUF 105 million. (MTI-Econews)