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MOL board proposes payment of HUF 46 bln dividend on 2012 profit

The board of Hungarian oil and gas company MOL will propose to shareholders payment of a HUF 46 billion ($197.6 million) dividend on 2012 profit, the agenda for an annual general meeting published late Wednesday shows, state news agency MTI reported. MOL’s net income came to HUF 55.2 billion in 2012, according to the parent company’s report, prepared with Hungarian Accounting Standards. MOL shareholders approved payment of a HUF 45 billion dividend, or about HUF 460 per share, on 2011 profits. Net income came to HUF 104.9 billion that year. MOL’s AGM will take place on April 25.