Lajos Simicska’s Közgép to distribute HUF 11 billion in dividends to owners

April 10, 2015


Közgép Zrt., the construction company with a penchant for winning lucrative state contracts, will distribute HUF 11 billion of dividends after pre-tax profits of HUF 14.1 billion to its owners, reports

The majority owner of the company, Fidesz oligarch Lajos Simicska, reportedly fell out with Prime Minister Viktor Orbán this year after most of the top people in his media empire resigned to join the vastly expanded state-owned media company, MTVA.

Közgép’s total revenues in 2014 amounted to 112.9 billion, a more than 50 percent increase over 2013 revenues of HUF 72 billion.