MOL Romania, the local subsidiary of Hungarian petroleum groupMOL, one of the leading players on the Romanian fuel distributionmarket, posted an over 45% profit rise last year against 2008despite an almost 25% lower turnover. MOL holds a chain of 126petrol stations on the Romanian market. The main factors behind thecompany's turnover decline were the depreciation of the RON againstthe European currency, and the decline in fuel volumes sold by thecompany. The economic crisis resulted in a decline by 5-10% in thevolumes of petroleum and of diesel oil sold on the overall market,with the biggest decline recorded by the corporate segment, i.e.sales to big companies such as transportation ones. "Despite thedifficult economic environment, MOL Romania preserved its marketshare in 2009, 11%. On the other hand, volume sales fell by 5%. Thecompany's turnover amounted to around 450 million euros, down 23%against 2008(...)," said MOL Romania representatives.
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