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.

ADVERTISEMENT

Áder Flags Delay in Full-scale Rollout of Bottle Return Syst... Recycling

Áder Flags Delay in Full-scale Rollout of Bottle Return Syst...

India's G20 Presidency, Dawn of New Multilateralism - Narend... World

India's G20 Presidency, Dawn of New Multilateralism - Narend...

Over Half of SSCs Plan to Broaden Service Palette Innovation

Over Half of SSCs Plan to Broaden Service Palette

TikTok Commits to Improved Consumer Communication in Hungary Social

TikTok Commits to Improved Consumer Communication in Hungary

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.