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FHB Profits Exceed Expectations
FHB on Friday reported a Ft 1.6 billion profit for the fourth quarter, slightly up from the previous quarter. The mortgage specialist extended Ft 10.9 billion in credit, less than half of the Ft 22.8 billion in the third quarter or the Ft 25.1 billion in the same period of 2007.
For 2008 as a whole, profit after taxes rose26.5% to Ft 6.7 billion.
The earnings per share is Ft 101, up from Ft 80 in ten previous years and better than the figure of below Ft 90 expected by analysts, Napi Gazdaság points out. As a result, it appears that the management may exercise their share options under a scheme approved in April.

Source: Napi Gazdasag; 20090214
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