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Slovnaft books €107 mln Q2 profit on improved margins

Telco

After-tax profit of Slovnaft, the Slovakian unit of Hungarian oil and gas company MOL, reached €107 mln in the second quarter, improving from a €10m loss in the base period as crack spreads and petrochemical margins widened, an earnings report published yesterday reveals, according to MTI. 

Revenue rose 13% to €1.035 bln. Cost of raw material and consumables increased just 6% to €790 mln and total operating costs edged down 2% to €911 mln. Operating profit came to €127 mln.

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