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Magyar Posta pays HUF 4.5 billion dividend

Hungary's national asset management council decided to pay a HUF 4.5 billion dividend from the 2008 profit of state-owned postal company Magyar Posta.

The dividend is HUF 1.5 billion more than that paid on 2007 profits.

Magyar Posta had consolidated pre-tax profit of HUF 9.1 billion in 2008, 47% more than in 2007. Operating profit rose 41% to HUF 8.3 billion.

Revenue climbed 6% to HUF 197.5 billion. Revenue from letter delivery services increased 7% to HUF 85 billion and revenue from financial services was up 9% at HUF 55.3 billion.

Magyar Posta handled 1.63 billion pieces of mail in 2008.

CEO Ildikő Szűts said the figures were a sign of the company's efficiency. (MTI – Econews)