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Greece’s Motor Oil Q3 profit drops on lower refining margins

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 ($158.94 million) in the third quarter, down from 189.9 million euros in the same period last year.

The figure strips out oil inventory holdings.
Source: Reuters (editing by David Evans)

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