MOL business to top 0.5bn euros

MOL Romania, the local branch of Hungarian petroleum group MOL, estimates to see business worth over half a billion euros by the end of the year, an approximately 23% increase against results seen in 2005. “Given the results in the first half of the year, when MOL witnessed a 60% increase in business, to 263 million euros, we believe this figure will double by the end of the year,” stated Zsolt Szalay, general manager of MOL Romania. “Usually, petroleum companies see the highest volume of sales in the second half of the year. Bearing this in mind, MOL Romania’s turnover could exceed 500 million euros for the whole year,” Szalay went on to say. The main factors sustaining the growth of the Hungarian operator include the increase in the sales of diesel oil, as well as the launch of new products last year, which should impact on this year’s financial results.