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Article: Euroweb Reports Second Quarter Operating Results Hungarian Affiliate's Revenues Up 60%.
- Article from:
- PR Newswire
- Article date:
- August 16, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Aug. 16 /PRNewswire/ -- Euroweb International Corp., (Nasdaq: EWEB), a leading Central European Internet Service Provider, announced through its Chairman, Frank R. Cohen, that revenues of its 49% owned affiliate, Euroweb Rt. were $727,000 for the second quarter of 1999 up 60% from the prior year period. For the six months ended June 30, 1999 Euroweb Rt.'s revenues were $1,353,000 an increase of 61% from the six months ended June 30, 1998.
Net income of Euroweb Rt. the Company's 49% owned Hungarian affiliate, was $147,000 for the three months ended June 30, 1999 and $306,000 for the six months ended June 30, 1999. Under equity accounting, the Company ...
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Article: International Telco Agrees to Purchase 51 of EuroWeb ...
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October 27, 1999 ;
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... ... of due diligence. Robert Genova, the Company's President, said he was delighted ... With operations based in Budapest, the Company owns 49 of EuroWeb Rt., a large ISP in Hungary. The Company works closely with PanTel Rt., its 51 ...
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