Market anticipates outstanding quarterly reports
Tuesday, February 8, 2005, 18:14
Hungarian gas and oil company Mol Rt?s 2004 after-tax profit may be as high as Ft 195 billion, 96% higher than a year earlier, according to the analyst consensus of business daily Világgazdaság. The only thing that could cast a shadow over the otherwise bright picture is the Ft 35 billion reserve Mol was compelled to set aside not long ago to cover the costs associated with the bankruptcy of Russian oil giant Yukos and employee?s severance pay, the analysts said. Market sources agree that plastics manufacturer BorsodChem is likely to report a record 170% profit hike yr/yr.