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MOL Group reported USD 152mn net loss in Q1

USD 152mn net loss reported for Q1 on the back of large foreign exchange losses and inventory losses caused by weaker HUF and the plunging oil prices Underlying operations were running strong until mid-March, when the pandemic-related lockdown started to seriously affect all business lines Upstream EBITDA declined by 35% to USD 185mn in Q1 reflecting much lower oil and ...

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