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Greek Motor Oil profit drops, meets estimates

Wed Nov 11, 2009 10:31am EST

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ATHENS, Nov 11 (Reuters) - Greek refiner Motor Oil (MORr.AT) said on Wednesday nine-month net profit dropped to 125.5 million euros ($188 million) from 133.2 million in the same period last year.

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This was in line with analysts' average forecast of 125.2 million euros in a recent Reuters poll.

Earnings before interest, tax, depreciation and amortisation (EBITDA) slipped to 198.7 million euros from 243.5 million in the same period a year earlier, also in line with analysts' estimate. (Reporting by Harry Papachristou)

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