May 31, 2018 / 2:22 PM / 25 days ago

Hellenic Petroleum Q1 core profit drops 35 pct; refining margins hurt

ATHENS, May 31 (Reuters) - Hellenic Petroleum, Greece’s biggest oil refiner, on Thursday reported a 35 percent drop in first-quarter core profit, hurt by lower refining margins and a stronger euro.

The refiner said earnings before interest, tax, depreciation and amortisation (EBITDA), adjusted for oil inventory holdings, came in at 149 million euros ($173.94 million), down from 229 million euros in the same period a year earlier.

$1 = 0.8566 euros Reporting by Angeliki Koutantou

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