Brief: Magyar Telekom Q2 net profit HUF 10.57 bln, down 21.7% y/y

Magyar Telekom Telecommunications Public

09/08/2022 16:34

Aug 9 (Reuters) - Magyar Telekom Tavkozlesi Nyrt  MTEL.BU :
    * Q2 NET PROFIT HUF 10.57 BILLION VERSUS HUF 13.5 BILLION A
YEAR
AGO
    * Q2 EBITDA HUF 57.9 BILLION VERSUS HUF 59.27 BILLION A YEAR
AGO
    * Q2 REVENUE HUF 184.23 BILLION VERSUS HUF 166.14 BILLION A
YEAR
AGO
    * WE EXPECT THE INFLATIONARY ENVIRONMENT AND THE WEAKENING
OF THE
FORINT TO PUT INCREASING PRESSURE ON OUR COSTS -CEO
    * A POTENTIAL ECONOMIC DOWNTURN COULD NEGATIVELY IMPACT OUR
TOP
LINE PERFORMANCE -CEO
    * WE REMAIN COMMITTED TO FOCUSING ON THE DELIVERY OF OUR
STRATEGIC
OBJECTIVES IN LINE WITH THE GUIDANCE MODIFIED FOLLOWING
ANNOUNCEMENT ON SUPPLEMENTARY TELECOMMUNICATION TAX -CEO
 urn:newsml:reuters.com:*:nL8N2XS0GU
    * SEES MODERATE DECLINE IN CORE PROFIT IN 2022

Further company coverage:  MTEL.BU 

 (Reporting by Gergely Szakacs)
 ((gergely.szakacs@reuters.com ; https://twitter.com/szakacsg ;
+36 1 882 3606 ;
https://www.reuters.com/journalists/gergely-szakacs))