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Big companies lose on forint devaluation

source: FrreRealtime - "Due to the devaluation of the forint, Hungarian Oil and Gas MOL Rt, telecom company Matav Rt, chemical company BorsodChem Rt, Danubius Hotels Rt, Tisza Chemical Works (TVK) Rt and tile maker Zalakeramia Rt recorded collective losses of Ft 18 billion in Q1 due to their
Euro-based loans and they will record a H1 loss of Ft 37 billion."



03.07.2003

 
 

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