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Greece's Motor Oil third quarter profit drops on lower refining margins

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ATHENS (Reuters) - Greek oil refiner Motor Oil posted a 24% drop in third-quarter core profit, hurt by lower refining margins.The refiner said earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 144.2 million euros (£111.9 million) in the third quarter, down from 189.9 million euros in the same period last year.The figure strips out oil inventory holdings.
Date Published: Nov 26, 2019
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