Nevertheless, the company will not pay dividends on profits from 2009. MOL’s shareholders approved at the meeting to place 2009 profits into profit reserves.
MOL also did not pay out a dividend from profits from 2008 when it bought a 22.2 percent stake in Croatian peer INA, becoming company’s biggest shareholder. MOL is targeting consolidated EBITDA of $4.1 billion (Kč 78.63 billion) in 2012, based on its existing asset portfolio, up from $2.3 billion in 2009.
