Fotex Rt. reported unaudited consolidated earnings results for the year 2008. The company reported net income of HUF 1.12 billion (EUR 3.76 million) in 2008, nearly three times higher than its 2007 profit of HUF 399.4 million. Fotex Group's 2008 operating profit rose fourfold as compared to 2007 to HUF 1.2 billion. Consolidated revenue had fallen 29% year on year to HUF 11.14 billion in 2008. Its 2007 revenue had included revenue from commercial activities that were discontinued last year, and the company derived most of its 2008 revenue from real-estate rental and use. The company reported HUF 270 million in net profit from financial transactions in 2008, slightly up from HUF 281 million in 2007. Pre-tax profit rose to HUF 1.477 billion from HUF 579.3 million in 2007.
Fotex Rt. Reports Earnings Results for the Nine Months of 2008
11/14/2008
Fotex Rt. reported earnings results for the nine months of 2008. For the period, the company reported that net income tripled to HUF 880 million from HUF 254 million in the same period a year earlier as cost of sales dropped faster than revenue and financial gains jumped. Revenue fell 27% to HUF 8.4 billion. Operating profit rose 91% to HUF 1.0 billion.
Fotex Rt. Reports Earnings Results for the First Half of 2008
08/15/2008
Fotex Rt. reported earnings results for the first half of 2008. The company reported first-half profit tripled to HUF 628 million from HUF 206 million in the same period a year earlier even though revenue dropped one-third. Revenue dropped 33% to HUF 5.92 billion.
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