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Magyar Telekom Q2 net profit HUF 10.9 bln, lifts revenue target

Wednesday, 2 Aug 2017 12:22pm EDT 

Aug 2 (Reuters) - Magyar Telekom Tavkozlesi Nyrt Q2 earnings statement::Net profit 10.9 billion forints ($42.61 million) versus 10.6 billion forint analyst forecast in portfolio.hu survey..Net profit up 2.1 percent from 10.7 billion forints in Q2 2016..EBITDA down 1.8 percent at 47.9 billion forints as increase in lower-margin equipment heavy sales could just partially compensate for high-margin voice revenue fallout, cutting gross profit..Cost enhancing measures partly mitigated gross profit decline..Maintains 2017 EBITDA target of 182 billion forints.Lifts 2017 revenue target to about 580 billion forints from about 560 billion forints..Dividend seen unchanged from 2016, at 25 forints per share..