- 5 Sep 2022 5:06 PM
- Hungary Around the Clock
It was announced on August 22 that 4iG and the Hungarian government will buy Vodafone Hungary from its UK parent company for €1.8 billion.
Although sales revenue grew, other revenues dropped, while costs increased, reducing operating profit by almost 40% to Ft 4.3 billion. Financial losses also rose.
Revenues increased by 1.7% to Ft 289 billion. Within this, income from fixed-line and mobile services went up by 6% to Ft 220 billion, while export revenues jumped up by 59% to Ft 6.2 billion, as limitations on roaming fees imposed during the pandemic were lifted.
Other revenues dropped by 19% to Ft 36 billion.
Sales of phones and accessories generated Ft 27 billion in revenues, expanding by nearly 9%.
Material costs rose by 0.3% to Ft 183 billion, while personnel costs increased by 1.4% to Ft 27 billion.
Other expenses rose by 19% to Ft 35 billion, in which the largest item was the Ft 16 billion telecom tax.