MOL: Romanian turnover up 24%

The Hungarian MOL oil and gas company, posted a 24 percent advance in turnover on the Romanian market for the first half of 2008, while the company's retail share dropped 3 percentage points compared to H1 2007, according to a report issued yesterday by the group.

MOL's Romanian turnover in H1 2007 amounted to some €255 million, which means that this year's H1 turnover would be worth some €316.2 mln, 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 percent 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 percent, even though the number of stations rose by five (H1 2008 compared to H1 2007).

Business Standard