Hellenic Petroleum Q2 Core Profit Drops 18%

Hellenic Petroleum, Greece's biggest oil refiner, reported on Thursday a 18 percent drop in second-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 187 million euros ($218.04 million) in April to June, down from 228 million euros in the same period a year earlier.

Reporting by Angeliki Koutantou