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Mavir posts profit of HUF 7bn in 2010

Preliminary figures show Hungarian electricity transmission-system operator MAVIR had pre-tax profit of around HUF 7 billion in 2010, CEO Gábor Tari said in Budapest on Wednesday.

Pre-tax profit was almost HUF 8 billion in 2009.

Turnover in electricity rose 2.7% following the crisis, although from a low base, while the output of Hungarian power plants rose at a similar rate.

Mavir's management projects 1.5-2% turnover growth this year, achieving the level of 2007, Tari added. (MTI Econews)