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Hungary’s MOL Q2 net income rises 27%

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Second-quarter net income of Hungarian oil and gas company MOL rose 27% to HUF 24.0 billion ($103 million) from the same period a year earlier as costs declined at a faster rate than revenue, an earnings report published Friday shows.

Consolidated IFRS revenue fell 7% to HUF 1,238.0 billion during the period. Total operating costs fell slightly more, by 8%, to HUF 1,205.3 billion.

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