The press has speculated that Richter might have received USD 20m in royalties from Barr Laboratories in 4Q05. If so, this could lift our quarterly net profit estimate by HUF 4bn from HUF 8.6bn to HUF 12.6bn and should have a HUF 222 one off positive impact on the share price. However, it should be underlined that the fact that Richter hasn't made any official announcement yet on such a significant royalty, received in the fourth quarter of 2005, calls into question the reliability of the rumour.