Hungary's largest oil refiner, Mol, posted an adjusted net loss of 123.6 billion forints ($605 million) in the first quarter of 2009, buffeted by severe currency depreciation and falling demand for energy. The loss compared with profits of 59.3 billion forints a year earlier. Attila Vago, an analyst at Concorde Securities in Budapest, said the loss was "in line with our estimate of 125 billion forints, but significantly worse than the market consensus of 79 billion forints."
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