Tag: financial

MOL’s profit rose by 45 % in the second quarter of 2016 – Hungary, 5 August 2016

Hungarian oil and gas company MOL announced that its net profit has reached 267.2 million euros in the second quarter of 2016, which is an increase of 45 % compared to the same period last year. This is mostly due to the fact that corporate tax costs fell as an effect of a transition to […]

RiTE Ugljevik recorded loss in the first half of 2016 – Bosnia and Herzegovina, 5 August 2016

According to the financial report for the first half of 2016 published on the Banja Luka Stock Exchange, coalmine and thermal power plant (RiTE) Ugljevik recorded a loss of 4.65 million euros. Operational revenues of the company amounted to 30.53 million euros in the first half of 2016, while operational expenditures amounted to 35.18 million […]

Electrica awarded 5.2 million euros contract without public tender – Romania, 3 August 2016

According to Romanian media, electricity distributor and supplier Electrica has signed a contract worth over 5.2 million euros with SAP Romania on 1 August. The contract was signed through direct negotiation, without public tender. The signed contract is for the provision of maintenance services related to the SAP licenses, required for the functioning of Electrica’s […]