MOL Romania sees profit up 45pc and turnover down 23

MOL Romania, the local subsidiary of Hungarian petroleum group MOL, one of the leading players on the Romanian fuel distribution market, posted an over 45 pecent profit rise last year against 2008 despite an almost 25 percent lower turnover, the Ziarul fianciar daily informs on Tuesday. MOL holds a chain of 126 petrol stations on the Romanian market. The main factors behind the company's turnover decline were the depreciation of the Romanian against the European currency, and the ...

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