Mol said its operating profits rose 68% year on year to Ft 155.2 billion before adjustment for the gas assets sale gain, and rose 10% to Ft 74.2 billion if the profits of the gas assets and the one-off gain from their sale was excluded. The gas assets transaction closed at the end of March thus boosted Q1 operating profits by Ft 81 billion.
Mol’s Q1 diluted earnings per share rose 56% to Ft 697. First-quarter sales revenue rose 40% year on year to Ft 798.7 billion in 2005.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
