The Hungarian MSO TVNetWork has posted a net income of HUF1.35 billion (€5.36 million) for 2006, or 54% more than the previous year. At the same time, its operating profit was down by nearly 100% to HUF1.3 million, while its financial losses amounted to HUF11 million. Budapest-based TVNetWork held an IPO in August 2006 and is projected to have 44,000 cable and 34,000 Internet subscribers by the middle of this year. (CD)
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