Bloomberg News

Mol Heads for Biggest Jump in Three Weeks on Profit, Cost Plan

May 15, 2012

Mol Nyrt. (MOL), Hungary’s largest refiner, headed for the biggest gain in almost three weeks after announcing a cost-cutting plan and first-quarter profit that beat analysts’ estimates.

The shares rose as much as 2.5 percent and added 1.6 percent to 16,515 forint by 9:50 a.m. in Budapest, the biggest rally on a closing basis since April 25.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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