Hungarian Postal Service Announces Dividend Payment for First Time Since 2009
In a significant move, Magyar Posta reports a pre-tax profit of 5.2 billion HUF for 2024 and will distribute dividends to its owner.
The Hungarian postal service, Magyar Posta, revealed on Tuesday that it has achieved a pre-tax profit of 5.2 billion forints in 2024, marking the first dividend payment to its owner since 2009. The announcement was made through a press release to the national news agency.
According to the statement, Magyar Posta is meeting ownership expectations by providing modern services that are adaptable to customer demands.
The financial standing of the company is reported to be stable, with a modest increase in its debt levels despite significant investments.
The company’s equity has risen by nearly 8 billion forints.
The demand for traditional postal services, including letters, vouchers, and checks, has continued to decline in line with previous trends.
Conversely, the demand for package delivery services, particularly those serving online commerce, has increased significantly, rising by more than 14 percent.
Additionally, revenues from financial services offered at post offices have also grown, with postal savings bonds selling particularly well.
The stock of government bonds managed by the post increased by 190 billion forints during the year, reaching a total of 1,355 billion forints.
The Minister of National Economy has decided that the company's obligation to pay dividends will be fulfilled by transferring 476 properties to support small settlements.
Significant developments and investments were made within the company last year, totaling nearly 13 billion forints, which included modernization projects for package logistics and the postal network.
According to the statement, Magyar Posta is meeting ownership expectations by providing modern services that are adaptable to customer demands.
The financial standing of the company is reported to be stable, with a modest increase in its debt levels despite significant investments.
The company’s equity has risen by nearly 8 billion forints.
The demand for traditional postal services, including letters, vouchers, and checks, has continued to decline in line with previous trends.
Conversely, the demand for package delivery services, particularly those serving online commerce, has increased significantly, rising by more than 14 percent.
Additionally, revenues from financial services offered at post offices have also grown, with postal savings bonds selling particularly well.
The stock of government bonds managed by the post increased by 190 billion forints during the year, reaching a total of 1,355 billion forints.
The Minister of National Economy has decided that the company's obligation to pay dividends will be fulfilled by transferring 476 properties to support small settlements.
Significant developments and investments were made within the company last year, totaling nearly 13 billion forints, which included modernization projects for package logistics and the postal network.
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