Third-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 4% year-on-year to HUF 330.5 billion, an earnings report published ahead of the opening bell on Friday shows. Net interest income increased 10% to HUF 489.0 billion. Net revenue from commissions and fees climbed 11% to HUF 152.7 billion. For the period Q1-Q3, after-tax […]

Compared to the previous year, Flextronics' sales revenue decreased by 16.2%. At the same time, the added value has remained essentially unchanged, the company says in its annual report published this Thursday. The primary reason for the decline was the termination of a partnership agreement with a significant share of materials in the industrial business, […]

The after-tax profit of energy and soft drinks producer Hell Energy Group increased by 137.8% to HUF 13.72 billion in the first half of 2024 compared to the same period a year earlier, Hell Energy Hungary Ltd. announced on the website of the Budapest Stock Exchange (BSE) on Wednesday. The sales volume increased by 14.1% […]

Raiffeisen Bank Plc. closed the first half of this year with a consolidated after-tax profit of HUF 51.4 billion, which is 73% more than in the same period last year, the financial institution reported on the website of the Budapest Stock Exchange (BÉT). According to the company's business report, the main reason for the increase […]

At the end of the first half of 2023, the Bank reported a profit after tax of HUF 47.1 billion, HUF 37.3 billion higher than in the first half of the previous year. The significant increase in pre-tax profit for the first half of the year was due to higher operating revenues and lower operating […]

Hungary’s OTP Group posted a better-than-expected consolidated profit after tax of HUF 194.7 billion in the first quarter, compared to a profit of HUF 115.1 billion in the previous quarter and a loss of HUF 33.4 billion a year earlier. OTP Bank Plc. announced on the Budapest Stock Exchange (BSE) website on Wednesday that the […]