BUX companies' profit 50.7% up
Tuesday, August 16, 2005, 09:09
The 12 companies that are also in the BUX basket increased their Q2 profit by 50.7% yr/yr, from Ft 96.8 billion to Ft 145.85 billion, which is - considering its dinamics - 3 times as much as that of the S&P 500 basket's 17% growth on the American market, Világgazdaság reported. The leading company is Mol Rt, which is responsible for about 2/3 of the growth, increasing its profit by Ft 35 billion. Of the 12 firms, only BorsodChem Rt and TVK Rt closed in the red, which proves that the chemical industry is having difficulties factoring in the high oil prices.