TABLE-Hungarian MOL's Q1 net income up 9 pct yr/yr

 BUDAPEST, May 15 (Reuters) - First quarter to end March.

 (Figures in billions of forints, all consolidated, IFRS)

                            Q1 2008       Q1 2007
  Total operating revenues      798.56        533.18

 Operating costs             731.26        458.08

 Operating profit             67.3          75.1
  *Op. profit excluding special

 items                        67.3          61.2

 Operating profit of:
  Exploration and production     23.9          17.0
  Refining and marketing         40.1          28.4
  Petrochemicals                  2.6          12.6
  Natural gas                     9.3          11.1
  EBITDA                        101.6         109.2
  Net profit                     65.0          59.5
 **Net profit excl. one offs and
  impact of Magnolia option      59.3          45.1

 NOTE - MOL MOLB.BU is Hungary's biggest company in terms
of total sales and one of the biggest listed companies in
Central Europe.

 ** In the first quarter of 2008, MOL had a one-off non-cash
gain of 5.7 billion forints on a share option agreement with
Magnolia Finance Ltd that dates back to 2006. This liability is
revalued every quarter.

 In Q1 2007, MOL had a non-cash gain of 0.5 billion forints
related to Magnolia and also had a one-off gain on the
acquisition of TVK shares.
 (Reporting by Krisztina Than; Editing by Andre Grenon)