Its net profit stood at RON277 million in 2019, up 9% from RON254 million in 2018.
According to the latest edition of ZF’s yearbook “The largest players in the Romanian economy”, based on 2019 data, MOL Romania is ranked among the top ten largest businesses in the Romanian oil industry.
MOL Group reported loss of $152 million in the first quarter of 2020, due to large stocks and exchange rate loss, as the coronavirus-led crisis took its toll on its business activity.
The crisis triggered by the COVID-19 pandemic had a significant impact on companies in the oil industry, due to restrictions imposed by authorities in order to contain the spread of the virus. MOL Romania representatives said the effects of the crisis will be felt for one up to three years.