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Budapest Bank sets up second base in Békéscsaba

Wednesday 04:16, February 15th, 2006

Budapest Bank, a unit of GE Money Bank, has outgrown its base in Budapest and is setting up a second headquarters, at a cost of Ft 1bn over the next three years, in Békéscsaba, in the underdeveloped southeast of the country, the bank announced on Tuesday.Read more

Globus has major losses in Q4

Wednesday 04:11, February 15th, 2006

Canning factory Globus Rt produced huge losses last year, according to the company's Q4 report.Read more

OTP's profit rises as foreign units counter slowdown

Wednesday 04:08, February 15th, 2006

OTP Bank Rt said profit rose 52% in the fourth quarter as $1.3 billion of acquisitions in the region more than mitigate a slowdown at home in Hungary.Read more

Phylaxia in the red again in 2005

Wednesday 04:07, February 15th, 2006

Veterinary drug company Phylaxia Pharma Rt sustained losses of Ft 126.3 million (€502,600) in 2005 after closing 2004 with losses of Ft 119.4 million, according to the company's flash report prepared in accordance with International Financial Reporting Standards (IFRS).Read more

Synergon Q4 profit surges on corporate orders

Wednesday 04:05, February 15th, 2006

Computer services company Synergon Rt said fourth quarter profit rose after corporate contracts helped counter a drop in government orders.Read more

IT company econet.hu reports 2005 losses of Ft 166.69m

Wednesday 03:59, February 15th, 2006

IT company econet.hu had 2005 losses of Ft 166.69m (€663,430), compared to a profit of Ft 29.19m in 2004, according to the firm's Monday consolidated, unaudited report prepared in accordance with International Financial Reporting Standards (IFRS).Read more

BorsodChem projects 20% revenue increase in 2005

Wednesday 03:34, February 15th, 2006

Hungarian chemicals company BorsodChem projects consolidated sales revenue in excess of Ft 200bn in 2006, an increase of 20% over 2005, compared to last year's revenue rise of 17.6%, CEO F László Kovács said on Tuesday, after the publication of BorsodChem's annual report for 2005.Read more

Rába: Ft 562 million profit in Q4

Wednesday 03:31, February 15th, 2006

Rába group closed the fourth quarter with a profit of Ft 562 million in 2005, the group announced in its Q4 report. Compared to Ft 5.1 billion for 2004, an operating loss of under Ft 2 billion for 2005 represents a distinct improvement and in the last quarter it amounted to a mere Ft 100 million.Read more

Démász raises capital at sales unit

Wednesday 03:28, February 15th, 2006

Electricity distributor for southern Hungary Démász Rt announced yesterday it will increase the registered capital of D-Energia Kft, its wholly-owned unit for sales on the deregulated market, from Ft 250 million to Ft 450 million by February 15.Read more

K&H Bank after-tax profits slip 2.4% in 2005 on one-off items

Monday 04:55, February 13th, 2006

K&H Bank's consolidated International Financial Reporting Standards (IFRS) after-tax profit fell 2.4% to Ft 17.7 billion in 2005, because of the extraordinary banking tax and the adoption of a new logo, as well as one-off costs related to its brokerage and changes in the calculation of general risk provisions, the bank announced on Monday.Read more

HVB Mortgage after-tax profits up 15% in 2005

Monday 04:51, February 13th, 2006

HVB Mortgage Bank Rt had after-tax profit of Ft 1.79 billion in 2005, up 15% from the previous year, according to the bank's unconsolidated annual report, prepared with International Financial Reporting Standards and published on Monday.Read more

OTP's purchase of Niska Banka stake approved

Monday 04:43, February 13th, 2006

The State Financial Supervisory Authority (PSZÁF) said on Friday it has approved OTP Bank's purchase of a 89.39% stake in Serbia's Niska Banka.Read more

FreeSoft breaks into black in 2005

Friday 05:33, February 10th, 2006

Software developer FreeSoft Rt had after-tax profit of Ft 65.76 million in 2005, compared to losses of Ft 70.87 million a year earlier, according to the company's annual report.Read more

Erste Bank after-tax profits more than triple in 2005

Friday 05:31, February 10th, 2006

Diákhitel Központ reports losses of Ft 30 mln in 2005

Friday 05:28, February 10th, 2006

FHB pre-tax profits up 20% to Ft 10.7 bln in 2005

Wednesday 04:25, February 8th, 2006

The Land Loan and Mortgage Bank (FHB) Rt had pre-tax profit of Ft 10.7 billion in 2005, 20% more in 2004, according to International Financial Reporting Standards, chairman of the board Ferenc Karvalits told a press conference in Budapest on Tuesday. Read more