Magyar Telekom Tavkozlesi Nyrt (MYTAY.PK) Key Developments |
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Magyar Telekom Tavkozlesi Nyrt (MYTAY.PK)

MYTAY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Magyar Telekom Tavkozlesi Nyrt expects no dividend payment for FY 2014
Tuesday, 7 Oct 2014 04:30am EDT 

Magyar Telekom Tavkozlesi Nyrt:Announces that, based on information currently available to the company, it does not expect to pay a dividend from the profit of FY 2014.Says that it will not be in a position to pay a dividend after 2014 results.  Full Article

Magyar Telekom Tavkozlesi Nyrt reaches agreement with trade unions
Thursday, 24 Jul 2014 03:30am EDT 

Magyar Telekom Tavkozlesi Nyrt:Announces that it has reached an agreement with the trade unions on its headcount reduction and wage increase measures for FY 2015/2016.Says according to the terms of the agreement, the company plans to make maximum 1700 employees redundant.Says 40 per cent is expected to leave the company between Oct. 1 and March 1, 2015 while the remaining 60 per cent is expected to leave as of Jan. 1, 2016.  Full Article

UPDATE 1-Magyar Telekom Q1 net profit surges, exceeds forecast

BUDAPEST, May 3 Magyar Telekom reported on Tuesday a 245 percent surge in first-quarter net profit to 11.46 billion forints ($42.27 million) that exceeded market expectations, partly boosted by one-off gains.

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