Magyar Telekom Tavkozlesi Nyrt (MYTAY.PK)
Latest Key Developments (Source: Significant Developments)
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: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
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.