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UPDATE 1-Magyar Telekom Q4 net profit beats forecasts, sees steady dividend in 2017
February 22, 2017 / 5:35 PM / 7 months ago

UPDATE 1-Magyar Telekom Q4 net profit beats forecasts, sees steady dividend in 2017

(Adds details)

Feb 22 (Reuters) - Magyar Telekom Tavkozlesi Nyrt

* Magyar Telekom says Q4 net profit was HUF 19.8 billion versus HUF 10.3 billion analyst forecast in portfolio.hu survey, and up from HUF 3.35 billion in Q4 2015

* Magyar Telekom CEO says for 2017 “we are facing several competitive and regulatory risks to growth.”

* Magyar Telekom says targets HUF 25 per share dividend for 2017, the same as proposed for 2016

* Magyar Telekom targets HUF 560 billion in revenues for 2017 versus HUF 560-570 billion previous target

* Magyar Telekom sees HUF 182 billion EBITDA this year versus HUF 181-185 billion earlier targetFurther company coverage: (Reporting by Sandor Peto; Editing by Mark Potter)

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