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Category A stocks post record Q1

The 20 companies listed as category A stocks at the Budapest Stock Exchange (BÉT) posted a record-breaking Q1 after-tax profit of Ft 197 billion, up 28% on Ft 153.5 billion in Q1 2005.

The benchmark BUX index of the Budapest market on Monday stood 48% higher than a year earlier.
The 28% profit increase was generated by oil and gas company Mol Rt and OTP Bank Rt alone: compared with 2005, the two increased net earnings by Ft 35.8 billion and Ft 7.8 billion, respectively.
The aggregate financial performance of the remaining 18 companies was exactly the same as last year. Five of the 20 leading stocks reported a loss-making Q1, including TVK Rt, Rába Nyrt, Danubius Hotels Rt, Fotex Rt and Globus Rt.