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Article: Privatization agency APV expects portfolio companies to report combined HUF 22 billion loss.
- Article from:
- Hungary Business News
- Article date:
- December 6, 2002
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Privatization agency APV expects portfolio companies to report combined HUF 22 billion loss
Budapest. December 6. INTERFAX-EUROPE - The 110 companies in the portfolio of privatization agency APV are expected to report combined losses of HUF 22 billion (USD 93 million) this year, APV deputy CEO Akos Macher told reporters on Friday.
Of the 110 companies, 89 are expected to report profits in the value of HUF 33 billion, while 19 will be in the red with losses of HUF 55 billion, Macher said. Losses at power monopoly MVM will reach HUF 30 billion, while steel group Dunaferr, agricultural holding firm Babolna and the Hungarian Post expect losses of HUF 6 ...