Fuel card sales volumes rose 2% on the year in the first half, while shop sales revenue gained 10.2% on the year, calculated in Romanian currency, following intense promotion, according to the company’s financial report.
At the end of June, MOL operated 127 gas stations in Romania. In the second half of the year, the company plans to develop its Romania distribution network.
Investment in the local station network cumulated HUF1.1 billion ($5.9 million) in the first half of the year.
In Romania, gasoline sales dropped 9.8% in January-June, while diesel fuel sales rose 1.1% on the year.
On a group level, net revenue from sales gained 37%, to $12.9 billion, while net profit reached $763 million, compared to a loss of $118 million in the first half of 2010.
Romania’s top fuel distributors are OMV Petrom (SNP.RO), Rompetrol, Lukoil Romania and MOL.