Brief: Magyar Telekom Q2 net profit HUF 10.54 bln, fast-tracks development of fiber network
05/08/2020 16:53
BUDAPEST, Aug 5 (Reuters) - Magyar Telekom Nyrt MTEL.BU
says in second-quarter earnings report:
* Q2 NET PROFIT HUF 10.54 BLN VERSUS HUF 11.3 BLN PROFIT
SEEN IN
SURVEY BY FINANCIAL NEWS WEBSITE PORTFOLIO.HU
* Q2 EBITDA HUF 56.13 BLN VERSUS HUF 56.0 BLN IN
PORTFOLIO.HU
SURVEY
* Q2 REVENUE HUF 157.19 BILLION VERSUS HUF 158.2 BILLION
FORECAST
* CEO SAYS COMPANY DECIDED TO FAST-TRACK DEVELOPMENT OF
FIBER
NETWORK TO ENHANCE BROADBAND COVERAGE
* SEES BROADLY STABLE REVENUES IN 2020 AND 2021, GUIDANCE
UNCHANGED
* SEES 1-2% ANNUAL INCREASE IN EBITDA IN 2020 AND 2021,
GUIDANCE
UNCHANGED
* CAPEX TO RISE BY ABOUT 10% IN 2020, SEEN BROADLY STABLE IN
2021
* CEO SAYS LOOKING AHEAD TO H2, WILL FOCUS ON DELIVERING
PREVIOUSLY ANNOUNCED EBITDA TARGET
Further company coverage: MTEL.BU
(Reporting by Krisztina Than)
((Krisztina.THAN@thomsonreuters.com;))