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Major BSE issuers post Q1-Q3 profit of HUF 318 billion, lowest in six years

A-category issuers at the Budapest Stock Exchange posted aggregate profit of HUF 318 billion (€1.2 billion) in the first three quarters of 2009, the lowest figure in six years, the business daily Napi Gazdaság reported on Wednesday.

The newspaper wrote that the 17 A-category issuers who have so far published their Q1-Q3 earnings have reported 50% less profit than in the first three quarters of last year, when such issuers generated record-high total profit of over HUF 600 billion.

Napi Gazdaság noted that major BSE issuers did, however, continue to record profit in the third quarter of 2009 after sustaining their first-ever aggregate loss in the first quarter of the year.

Budapest Stock Exchange heavyweights MOL and OTP Bank generated 65% of the total Q1-Q3 profit of A-category issuers that have reported so far, compared to 79% during the first three quarters of 2008, the newspaper added. (MTI-Econews)