Loading ...The Hungarian MOL oil and gas company, posted a 24% advance in turnover on the Romanian market for the first half of 2008, while the company’s retail share dropped 3% compared to H1 2007, according to a report issued on Tuesday by the group.
MOL’s Romanian turnover in H1 2007 amounted to some 255 million euros, which means that this year’s H1 turnover would be worth some 316.2 million euros, against a backdrop of historically high oil prices. MOL Romania officials did not wish to provide H1 financial indicators.
MOL’s Romanian turnover in H1 2007 amounted to some 255 million euros, which means that this year’s H1 turnover would be worth some 316.2 million euros, against a backdrop of historically high oil prices. MOL Romania officials did not wish to provide H1 financial indicators.
According to preliminary and unaudited results, the company claimed 12% of the Romanian market share in the first six months of 2008. In this same period, sales on the retail fuel market remained constant, in terms of volume, while average sales per station dropped 4%, even though the number of stations rose by five (H1 2008 compared to H1 2007).
As of 30 June, MOL owned 124 gas stations in Romania, after an investment of over 2 million euros in two gas stations in Bucharest and the central Romanian city of Ludus.
As of 30 June, MOL owned 124 gas stations in Romania, after an investment of over 2 million euros in two gas stations in Bucharest and the central Romanian city of Ludus.
According to Petrom, the largest Romanian oil company, the domestic market of fuel distribution went up about 10% in H1. Moreover, the fuel price in the same period reached the highest levels, against an increase in the barrel price.
In 2007, MOL Romania posted a doubling of net profit, to 12 million, against a 1.7%
increase in turnover, to 533 million euros. The company’s main competitors in the Romanian fuel distribution market are Petrom, Rompetrol and Lukoil.
In 2007, MOL Romania posted a doubling of net profit, to 12 million, against a 1.7%
increase in turnover, to 533 million euros. The company’s main competitors in the Romanian fuel distribution market are Petrom, Rompetrol and Lukoil.
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