OXO Technologies: Even More Solid Market Position

According to the report OXO Technologies Holding Plc. published for the first half of 2023 on the website of the Budapest Stock Exchange, its business results show the successful management of the investment company, increasing profitability and dynamic growth of its assets under management.

The technology holding company, which has been present on the domestic public market for two years now, has responded effectively to the economic challenges affecting the sector with an appropriate strategy, according to its experience to date. It has consolidated its position in the face of fierce competition from industry players, paving the way for a new issue on other foreign public markets and a potential dividend payment next year.

It closed the first half of 2023 with a positive pre-tax result of EUR 1,092,018 and its assets increased further by EUR 1.9 million to EUR 16 million. The company has also indicated to its shareholders that, if it is able to maintain its operating results in the second half of 2023, it may be able to pay dividends to its shareholders in 2024 after the 2023 financial year.