MOL with HUF 60.26 bln net profit in Q1

Hungarian MOL reported net profit of HUF 60.26 billion, down by almost 36 percent y/y. Operating profit amounted to HUF 68.65 billion compared to HUF 120 billion a year ago. “Due to rising oil prices, increased production and lower costs EBITDA in the Upstream segment increased by 31 percent y/y and reached $287 million, with…

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