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Mavir to pay HUF 5.83 bln dividend

Hungarian transmission system operator Mavir will pay a HUF 5.83 billion dividend on 2010 profits under a decision taken at an annual general meeting on Wednesday, the company told MTI on Thursday.

Last year, Mavir, an almost 100% unit of the state-owned Hungarian Electricity Works (MVM), paid a HUF 8 billion dividend on 2009 profits.

Mavir had revenue of more than HUF 123 billion in 2010, up from about HUF 116 billion in 2009.