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Fotex gains $3.2 million in 2007

Fotex First American Asset Management Nyrt realized a $3.2 million profit for 2007 while previous year at the company saw a loss of $2.8 million, Fotex reported in its consolidated flash report.

Operating revenue in 2007 amounted to $2.3 million compared to 2006 when a $2.67 million loss was realized calculated on an operating level as well. Sales revenue of the company, due to its deliberate „exodus” from the trading sector, was dropped by 14% totaling $87 million in 2007 after adding up to $100 million in 2006. Restructuring the company activity according to the report has also virtually come to an end. (Gazdasági Rádió)