Total operating revenue edged up 1% to HUF 2.075 trillion.
The cost of raw materials and consumables increased 6% to HUF 1.636 tln and total operating expenses inched up 2% to HUF 1.924 tln.
MOL acknowledged an increase in Brent-based refining margins as well as petrochemicals margins, but said downstream production had decreased due to turnarounds. Upstream production reached 92,300 barrels of oil equivalent per day thanks to the start of production in Kazakhstan in December, but plunging gas prices had a negative impact on results, it added.
Earnings per share came to HUF 130.
A breakdown by business shows downstream's net revenue fell 8% to to HUF 1.588 tln, while the EBITDA of the segment dropped 16% to HUF 102 bln. Upstream revenue dropped 24% to HUF 161 bln and EBITDA slipped 9% to HUF 93.6 bln. Revenue of the consumer services business rose 2% to HUF 831 bln and its EBITDA climbed 13% to HUF 51.6 bln.
MOL affirmed guidance for full-year clean EBITDA, at the current cost of supplies, of around USD 3 bln. Clean CCS EBITDA reached USD 718 mln in Q1.
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