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• Business

  Wabererʼs focuses on growth; dividends later

  

  Hungarian haulage and logistics firm Wabererʼs International could pay dividends on its 2019 earnings at the earliest, CEO Ferenc Lajkó told MTI after an annual general meeting on Monday.

   Tue, Apr. 17, 2018, 09:00

  • Wabererʼs
  • earnings
  • revenue
  • profit
  • dividend
  • haulage
• Business

  Hungaryʼs Tungsram eyes annual revenue of USD 1 bln in ten years

  

  Jörg Bauer, who agreed in February to buy the lighting business of General Electric (GE) in the Middle East, Africa and Turkey, as well as its global automotive lighting business, expects the acquisition to generate annual revenue of USD 1 billion in ten years.

   Wed, Apr. 4, 2018, 15:33

  • tungsram
  • revenue
  • lighting
  • general electric
  • bauer
• Economy

  Deficit 2% of GDP in 2017, preliminary data shows

  

  The deficit of the general government sector in 2017 was HUF 746.3 billion, equivalent to 2% of GDP, according to a first release of preliminary data from the Central Statistical Office (KSH). The balance deteriorated by HUF 156.9 bln, or 0.3 of a percentage point, as a proportion of GDP compared to 2016.

   Wed, Apr. 4, 2018, 10:39

  • deficit
  • gdp
  • expenditure
  • revenue
  • ksh
  • statistics
• Business

  Ballooning revenues lift Konzum consolidated profits

  

  Listed holding company Konzumʼs consolidated net profit jumped to HUF 10.3 billion last year, up from a paltry HUF 50 million in 2016, as its balance sheet ballooned, an earnings report published late Wednesday shows. Konzumʼs revenues rose from just HUF 20 mln to HUF 16.8 bln.

   Thu, Mar. 29, 2018, 11:49

  • konzum
  • profit
  • report
  • earnings
  • revenue
• Business

  Audi Hungária revenues over EUR 7 bln last year

  

  Revenues of the local unit of German automobile manufacturer Audi edged up 1% to EUR 7.136 billion in 2017. Capital expenditures were up 45% at EUR 442 million last year, while the local unitʼs headcount climbed 5.8% to 12,307.

   Mon, Mar. 19, 2018, 10:26

  • audi
  • revenue
  • earnings
  • capex
• Finance

  Hungarian insurers see premium revenues climb 7% in 2017

  

  Hungarian insurersʼ combined revenues from premiums rose 7% to HUF 948.1 billion last year, data released by the National Bank of Hungary (MNB) on Wednesday show, cited by state news wire MTI. Insurance companiesʼ after-tax profits rose 25% to HUF 64.5 bln in 2017.

   Wed, Mar. 14, 2018, 12:46

  • insurance
  • premium
  • revenue
  • general
  • life
  • mnb
• Business

  Hungarian ICT sector revenues up 15% last year

  

  Revenues of Hungaryʼs information and communications technology (ICT) sector rose 15% to HUF 3.137 trillion last year, a summary of data compiled by the Central Statistical Office (KSH) shows.

   Mon, Mar. 12, 2018, 09:45

  • ICT
  • revenues
  • information
  • communications
  • technology
  • telecom
• Business

  Wabererʼs doubles profit, eyes further acquisitions

  

  Net income of listed road haulage company Wabererʼs doubled to EUR 18.4 million last year, an earnings report released early Thursday shows. Operating profit grew above 50%.

   Thu, Mar. 8, 2018, 09:12

  • Wabererʼs
  • earnings
  • profit
  • revenues
  • acquisition
• Business

  Exports lift ANY revenue, but profit edges down

  

  After-tax profits of Hungarian security printing company ANY Nyrt. edged down 3.2% to HUF 1.54 billion last year as margins narrowed, according to an earnings report released late Monday by the Budapest Stock Exchange-listed firm.   

   Tue, Mar. 6, 2018, 12:22

  • any
  • printing
  • security
  • profit
  • revenue
  • export
• Business

  Masterplast increases both revenues and profit

  

  Net income of stock exchange-listed Hungarian building materials maker Masterplast rose 15% to EUR 2.65 million last year, lifted by improved sales and a reduction in the corporate tax rate, an earnings report released late Tuesday shows.

   Wed, Feb. 28, 2018, 08:22

  • masterplast
  • earnings
  • revenue
  • profit
  • construction