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Key-Soft to spend all of 2009 profit on dividends

Hungarian IT company Key-Soft will spend all of its projected 2009 pre-tax profit of HUF 100 million (€37,170) on dividends, the company announced on the Budapest Stock Exchange website on Thursday.

The business software-development company had net sales revenue of HUF 803 million in 2009, up 30% from HUF 625 million in 2008.

Key-Soft targets sales revenue of HUF 1 billion for 2010, with profits projected to make up 15%-20% of sales.

Key-Soft is a "B"-category issuer at the Budapest Stock Exchange. (MTI-ECONEWS)