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MVM assets rise HUF 100 bln over past two years

The assets of state-owned Hungarian electricity works MVM have risen by HUF 100 billion over the past two years as a result of acquisitions and developments, MVM CEO Imre Martha told MTI.

Mártha noted that MVM posted consolidated after-tax profit of HUF 60 billion in 2009, up over 50% from HUF 39.7 billion in 2008.

The MVM CEO projected after-tax profit of around HUF 30 billion in 2010. (MTI – Econews)