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(ICIS) -- MOL's second-quarter
petrochemical operating profit shrank by 38% year on year to forint (Ft) 1bn
(USD 5.21m, EUR 3.65m) after it encountered flat margins and rising feedstock
prices, the Hungarian oil, gas and petrochemical group said on Tuesday. Its
petrochemical operating profit was Ft1.6bn in the second quarter of 2010.
The group’s petrochemical sales volumes were up by 22% in the second
quarter to 385 KT compared with the second quarter of 2010, but edged down
slightly from the 392 KT recorded for the first quarter of this year, MOL
added.
Its integrated petrochemical margin of EUR 348/tonne compared with EUR
343/tonne a year ago and the EUR 377/tonne seen in the previous quarter.
mrcplast.com
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