By Margit Feher and Leos Rousek
TODAY'S CALENDAR
Local/GMT
2400/2200 Hungary MOL 2Q results
Hungary's company earnings come under scrutiny Tuesday. And MOL
Nyrt. (MOL.BU) is expected to shine.
The oil and gas company is forecast to report another set of
stellar quarterly results on top of its robust first quarter,
boosted by refining profits and despite a decline in oil prices,
online Hungarian business news agency Portfolio said based on its
poll of seven analysts.
MOL's operating profit, a key indicator, is forecast at 169.9
billion forints ($607 million) in the three months to end-June, up
79% from a year earlier.
Downstream Ebitda, about half of which is made up of refining,
is forecast at HUF112.7 billion, nearly four times as much as
HUF28.6 billion a year earlier.
Clean earnings per share are seen at a whopping HUF565.6, from
HUF233 a year earlier.
MOL and other regional refiners have benefited from low crude
oil prices. MOL has used this to expand its retail chain across the
region by snapping gas stations put up for sale by its rivals such
as Italy's Agip SpA and Russia's Lukoil PJSC (LKOY).
FOREX
EUR/CZK
0350 GMT 27.016-78
Previous 27.009-71
%Chg +0.03
EUR/HUF
0350 GMT 307.25-77
Previous 307.09-61
%Chg +0.05
EUR/PLN
0350 GMT 4.1481-97
Previous 4.1436-52
%Chg +0.11
FIXED INCOME
Hungary
Mon Fri
3 yrs 2.22% 2.22%
5 yrs 2.83% 2.84%
10yrs 3.70% 3.74%
Poland
Mon Fri
3 yrs 1.75% 1.81%
5 yrs 2.41% 2.48%
10yrs 2.91% 2.94%
Czech Republic
Mon Fri
3 yrs -0.04% -0.04%
5 yrs 0.16% 0.17%
10yrs 0.75% 0.78%
STOCKS (Closing)
WIG 20
52808.18 +57.24 +0.11%
BUX
22615.87 +26.88 +0.12%
PX
1041.0 +9.50 +0.92%
Write to Margit Feher at margit.feher@wsj.com and Leos Rousek at
leos.rousek@wsj.com