Press Releases

Budapest, September 3, 2008 14:15

Magyar Telekom’s Macedonian subsidiary, Makedonski Telekom AD – Skopje (MakTel), has held its General Meeting today in Skopje and made a decision on a total dividend payment of MKD 9.8 billion   (equaling around HUF 38.3 billion based on the HUF/MKD rate of 3.91 as of September 2, 2008) for the financial year 2007 by distributing the total net profit with a contribution from the accumulated profit.

According to Macedonian Accounting Standards (MAS), MakTel on a standalone basis recorded a net income of MKD 9.0 billion for the year 2007. Stonebridge “under liquidation”, which is 100% owned by Magyar Telekom, is entitled to a dividend payment of approximately MKD 5.5 billion (HUF 21.7 billion).

The General Meeting appointed Agron Budzaku, András Fischer and Joachim Haas as new members of MakTel’s Board of Directors.