MOL Reports Pre-Tax Profit of HUF 543 Billion in Hungary
- 2 Apr 2025 7:26 AM
The board of Hungarian oil and gas company MOL will propose payment of a total dividend of around HUF 275 per share to shareholders at an annual general meeting scheduled for April 24, the company said.
The board will propose paying a HUF 165-per-share base dividend on last year's earnings and a special dividend amounting to around HUF 110 per share.
The board took the decision considering 2024 results, indebtedness, future investment plans and external market conditions in light of the recent macroeconomic developments and regulatory and taxation measures.
The dividend fund will come to little over HUF 220bn.
MOL had pre-tax profit of HUF 543bn last year, the company's latest earnings report shows.
Last year, MOL shareholders approved payment of a dividend of around HUF 250 per share, including a HUF 150-per-share base dividend and a special dividend of around HUF 100 per share.
MOL acquires gas field in E Hungary
Hungarian oil and gas company MOL on Tuesday said it bought a gas field in Endrod (E Hungary) from O+GD.
MOL had announced plans to acquire the field in December 2024.
The field has 29 wells and an output of around 1,000 barrels of oil equivalent per day.
MOL has close to 1,300 oil and gas wells in Hungary. Last year, its fields produced almost 600,000 tonnes of crude and nearly 1.5bn cubic metres of gas. The company is ploughing HUF 150bn into domestic hydrocarbon production over the next three years.
Source:
MTI - The Hungarian News Agency, founded in 1881.
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