MVM Books HUF 81 bln Loss in H1
State-owned energy company MVM booked a consolidated first-half loss of HUF 81.1 billion as costs climbed at a faster clip than revenue, an earnings report posted on the website of the Budapest Stock Exchange - where MVM's corporate bonds are listed - on Wednesday shows.
Sales revenue increased 124% to HUF 2.429 trillion.
Operating costs jumped 151% to HUF 2.596 tln.
Gas sales came to HUF 1.375 tln, up from HUF 638.8 bln in the base period.
Electricity sales rose to HUF 825.1 bln from HUF 288.5 bln.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
