The worst could be behind us?
DH’s profit improved thanks to higher transaction (+21% qoq) & loan volumes (+17% qoq) on a
quarterly basis. This lifted reported profit to HUF 838 million (-19% yoy; +20% qoq) or HUF 23.6
EPS. Clean core profit after tax reached HUF 569 million (-28% YoY, +84% QoQ) or HUF 17 EPS
(H1: HUF 25 EPS). Out of that HUF 569 million core profit HUF 337 million is related to financial
income.
Earning’s cushions of financial income worked well, Ca.59% of the core profit stemmed from
financial income vs. 108% in Q1.
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.