CEESEG: Harsh Environment Depresses Earnings for 2011

Professional Services › Financial Services ♦ Published: June 15, 2012; 11:48 ♦ (Vindobona)

CEE Stock Exchange Group reports a massive cut in earnings, which is mainly due to impairment losses of Budapest Stock Exchange.

CEESEG: Harsh Environment Depresses Earnings for 2011 / Picture: © Vindobona.org

CEESEG Aktiengesellschaft, the group parent company of the exchanges of the CEE Stock Exchange Group, which includes Budapest, Ljubljana, Prague and Vienna, reported a profit on ordinary business activity (EBT) of € 15.42m (2010: € 30.13m). This decrease was caused mainly by the adverse environment, primary due to impairment losses of € 11.75m recognized for the Budapest Stock…

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