Brief: Hungary Richter CEO says huge windfall tax "unjustified"

Gedeon Richter

08/11/2023 08:29

Nov 8 (Reuters) - Richter Gedeon Vegyeszeti Gyar Nyrt
 GDRB.BU  CEO Gabor Orban told a briefing after company
published Q3 earnings:
    * COMPANY EXPECTS TO PAY HUF 30.7 BILLION IN SPECIAL
WINDFALL TAX
IN 2023
    * THIS EXTRA PROFIT TAX IS UNJUSTIFIED AS WE ARE SUFFERING
FROM
NEGATIVE IMPACT OF FX LOSSES THIS YEAR
    * OPERATING RESULT WILL BE AROUND 570 MILLION EUROS THIS
YEAR
    * RICHTER TO POST LOSSES ON EXCHANGE RATE MOVES THIS YEAR

Source text for Eikon: [ID:https://bse.hu/newkibdata/128976410/RCH231108QR01E_corr.pdf
]
Further company coverage:  GDRB.BU 

 (Reporting by Krisztina  Than)
 ((Krisztina.Than@thomsonreuters.com;))