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Magyar Telekom Tavkozlesi Nyrt (MYTAY.PK)

MYTAY.PK on OTC Markets Group

8.11USD
24 May 2017
Change (% chg)

$-0.37 (-4.31%)
Prev Close
$8.48
Open
$8.15
Day's High
$8.15
Day's Low
$8.11
Volume
660
Avg. Vol
2,793
52-wk High
$9.01
52-wk Low
$7.27

Latest Key Developments (Source: Significant Developments)

Magyar Telekom quarterly net profit below forecast, maintains 2017 targets
Wednesday, 10 May 2017 12:47pm EDT 

May 10 (Reuters) - Magyar Telekom Tavkozlesi Nyrt Q1 earnings statement::Net profit 4.8 billion forints ($16.80 million) versus 5.2 billion forint analyst forecast in portfolio.hu survey..Net profit down 55 pct from 10.6 billion forints in Q1 2016..EBITDA down 16.5 percent due to one-off gains from sale of news division and an office building in Q1 2016..Maintains 2017 EBITDA target of 182 billion forints.Maintains 2017 revenue target of about 560 billion forints.Maintains dividend outlook of 25 forints per share.  Full Article

Magyar Telekom board proposes HUF 25 per share dividend for 2016
Wednesday, 22 Feb 2017 08:00am EST 

Magyar Telekom Tavkozlesi Nyrt : Magyar Telekom board proposes HUF 25 per share dividend for 2016 for approval at annual shareholder meeting . Dividend rises from HUF 15 per share paid on 2015 results . Dividend policy seeks to maintain net debt ratio (net debt to total capital) within the 30-40 pct range . Magyar Telekom will announce Q4 2016 earnings later on Wed Further company coverage: [MTEL.BU] (Reporting by Krisztina Than) ((Krisztina.Than@thomsonreuters.com;)).  Full Article

Magyar Telekom to sell majority stake in Crnogorski Telekom to Hrvatski Telekom
Tuesday, 10 Jan 2017 05:16am EST 

Magyar Telekom Tavkozlesi Nyrt : Magyar Telekom says to sell majority stake in Crnogorski Telekom to Hrvatski Telekom . Will sell its 76.53 percent stake in Crnogorski Telekom for EUR 123.5 million - statement . Transaction to support dividend policy by accelerating reduction in net debt ratio - Magyar Telekom . By end of March 2017, net debt ratio to be within the targeted range of 30-40 percent set out in dividend policy . Transaction expected to close by end of January 2017 . Magyar Telekom reduces 2017 revenue guidance to HUF 560-570 billion from HUF 585-595 billion .Also reduces EBITDA guidance to HUF 181-185 bln from HUF 189-193 bln.  Full Article

Magyar Telekom says feels impacts of shortage of IT workforce
Friday, 5 Aug 2016 03:00am EDT 

Magyar Telekom Tavkozlesi Nyrt : Magyar Telekom maintains dividend guidance - Deputy CEO Janos Szabo . Gearing ratio continues to decline, but will not fall below 40 pct this year yet - deputy ceo . Magyar Telekom feels impacts of shortage of skilled IT workforce in Hungary, it is "very difficult" to find sufficient workforce . Magyar Telekom shares up 0.45 pct at 0707 GMT, wider market down 0.3 pct . Magyar Telekom published second-quarter earnings on Thursday, link: [nB3N17G01Q] Further company coverage: [MTEL.BU] (Reporting by Krisztina Than) ((Krisztina.Than@thomsonreuters.com;)).  Full Article

MTelekom Q2 net profit HUF 11.37 bln, slightly above forecast
Thursday, 4 Aug 2016 12:11pm EDT 

Magyar Telekom : Q2 net profit 11.37 billion forints ($40.70 million) versus 11 billion forint analyst forecast in portfolio.hu survey . Q2 EBITDA 51.15 billion forints versus 50.5 billion analyst forecast in portfolio.hu survey . Affirms 25 forint per share dividend target on 2016 earnings . Maintains 2016 public guidance Further company coverage: [MTEL.BU] ($1 = 279.35 forints) (Reporting by Gergely Szakacs and Sandor Peto) ((gergely.szakacs@tr.com; +36 1 327 4748; Reuters Messaging: gergely.szakacs.thomsonreuters.com@reuters.net)).  Full Article

More From Around the Web

Former Magyar Telekom executives settle FCPA charges with U.S. SEC

WASHINGTON Two former executives at the Hungarian telecommunications company Magyar Telekom will pay financial penalties and accept corporate officer and director bars to settle alleged anti-bribery law violations, U.S. regulators said Monday.

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