Budapest Sziget Festival profit exceeds 100 million forints

Budapest's Sziget Festival concluded on Sunday generated profits exceeding 100 million forints (about 421,000 euros), according to preliminary data by Sziget Co, the festival organizer, IT company econet.hu reported on Monday.

[MTI] The company said that a total of 385,000 people had attended the week-long musical extravaganza located on an island in the Danube in Budapest, which was one of the largest music and cultural festivals in Europe.

Sziget said that its investment of more than 100 million forints to increase capacities on the island had contributed significantly to the profitability of the festival, held between August 12 and 18.

The company added that 50,000 people had attended the Hungarian song day held on the day before the official kickoff of the de facto festival, which preliminary data suggests will push up total event profit by several million forints.