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Keler targets pre-tax profit of Ft 1.527 bln in 2007

Hungary's Central Clearing House and Depository (Keler) targets pre-tax profit of Ft 1.527 billion in 2007, according to its business plan, Keler told MTI on Thursday.

The business plan approved at the clearing house's EGM on Thursday contains a revenue target of Ft 3.875 billion. Operating costs are expected to amount to Ft 3.325 billion. Profits from services are projected at Ft 547 million, with profits from financial operations expected to total Ft 979 million.

The company has earmarked Ft 1.525 billion, including VAT, for developments. Last year's business plan contained revenue of Ft 3.45 billion and pre-tax profit of Ft 1.82 billion. Keler is 53.33% owned by the National Bank of Hungary (MNB) and 46.67% by the Budapest Stock Exchange (BÉT). (Mti-Eco)