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Est Media Falls to Record Low as Fourth-Quarter Loss Widens

EST MEDIA Vagyonkezelo Nyrt., a Hungarian entertainment company, fell to the lowest on record after its fourth-quarter net loss widened.

The shares dropped 15 percent to 100 forint by 9:42 a.m. in Budapest. The company reported a net loss of 1.5 billion forint for the last three months of 2011, compared with a loss of 1.1 billion forint in the same period of 2010, according to a statement to the Budapest Stock Exchange late on April 6. The bourse was closed on April 6 and 9 for a public holiday.

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