News:Argos:Hungary's MOL Q2 net jumps on forex gains, INA eyed

Reactiveness & Attractive Prices

Hungarian oil and gas firm MOL more than quadrupled its net income in the second quarter mainly due to favourable revaluation of its debt on forint strength and a strong performance in its oil business.

MOL said earlier on Tuesday that its reported net income was 114.7 billion forints ($729.1 million) for the quarter, 326 percent higher than a profit of 26.9 billion forints reported in the second quarter of 2007.




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