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MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

3.828
0.00 (0.00%)
09 Aug 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Mol Magyar Olay Es Gazipari Rt (PK) USOTC:MGYOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 3.828 3.71 4.00 0.00 13:14:09

MOL Shareholders OK Payment of HUF50 Billion in Dividends on 2014 Result

16/04/2015 10:50am

Dow Jones News


Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
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By Margit Feher

BUDAPEST--Hungarian oil and gas company MOL Nyrt.'s (MOL.BU) shareholders approved on Thursday to pay out 50 billion forints ($178.5 million) in dividends after the company's 2014 results.

All shareholders present unanimously approved the dividend payment.

That's down from a dividend payment of HUF60 billion after the firm's 2013 earnings.

MOL's consolidated net profit totaled HUF4.08 billion last year. Consolidated operating cash flow was HUF434.53 billion last year, down from 614.69 billion a year earlier.

MOL's strong financial position makes it possible to pay a dividend that could reach HUF500 a share, the company's Chief Executive Jozsef Molnar told shareholders.

"We are planning to provide in the future as well a predictable and possibly rising dividend," the executive added.

Write to Margit Feher at margit.feher@wsj.com; Twitter: @margitfeher

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