Brief: Hungary Richter Chairman Bogsch says windfall tax "absolutely unfair"

Gedeon Richter

12/05/2023 08:35

May 12 (Reuters) - Richter Gedeon Vegyeszeti Gyar Nyrt
 GDRB.BU :
    * HUNGARY RICHTER CHAIRMAN BOGSCH SAYS EXTRAORDINARY TAX
LEVIED ON
RICHTER IS "ABSOLUTELY UNFAIR"
    * CHAIRMAN BOGSCH SAYS WE ARE AT COMPETITIVE DISADVANTAGE IN
OUR
HOME MARKET
    * RICHTER BOOKED HUF 3.368 BLN FOR Q1 IN EXTRAORDINARY TAX
    * IN DEC 2022 GOVT LEVIED WINDFALL TAX ON DRUG PRODUCERS
BASED ON
NET REVENUES GENERATED IN 2022 AND 2023
    * TAX RATE INCREASES PROGRESSIVELY, HITTING RICHTER 

Source text for Eikon:  ID: 
Further company coverage:  GDRB.BU 

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