BAKU, Azerbaijan, Feb.18
By Leman Zeynalova – Trend:
Net sales revenue of Hungarian MOL Group stood at $19.612 billion in the fiscal year of 2021, as compared to $13.071 billion in 2020, Trend reports with reference to the company.
As such, the company’s revenues rose by 50.04 percent year-on-year. The company’s revenues amounted to $5.557 billion in Q4 2021, as compared to $5.495 billion in Q3 2021, showing an increase by 1.12 percent.
MOL Group’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose from $1.891 billion in 2020 to $3.690 billion in 2021.
The company’s operating profit stood at $2.020 billion in 2021, compared to $214 million in 2020. Net financial expenses amounted to $133 million in 2021, as compared to $370 million in 2020. Operating cash flow rose from $1.857 billion in 2020 to $3.037 billion in 2021.
MOL Group is a leading integrated Central & East European oil and gas corporation headquartered in Budapest, Hungary. It has operations in over 30 countries and employs 26,000 people worldwide. MOL’s exploration and production activities are supported by 80 years’ experience in the hydrocarbon field.
The Company’s share capital amounts to HUF 102,428,682,578 represented by 819,424,824 pieces registered ordinary shares of the series “A” with a par value of HUF 125 and 578 pieces registered ordinary shares of the series “C” with a par value of HUF 1,001 and one piece registered voting preference share of the series “B” with a par value of HUF 1,000 that entitles the holder thereof to preferential rights as specified in the present Articles of Association. The "B" series share is owned by the Hungarian government.
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