Higher Taxes Dent Profits For BSE Companies In Hungary
- 22 Aug 2013 9:00 AM
Combined net profits of BSE category “A” companies fell to Ft 158 billion in the first six months, from Ft 187 billion one year earlier, due to higher taxes, Napi Gazdaság reports in an evaluation of the earnings season. The biggest companies paid Ft 100 billion to the budget in total, three times more than in 2012.
The figures are distorted somewhat by OTP, which booked its entire tax payment for this year in the first quarter.
MOL and OTP accounted for two-thirds of the profits of the biggest BSE companies, at Ft 52.3 billion and Ft 51.6 billion, respectively.
Source: Hungary Around the Clock
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