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MADRID, May 8 (Reuters) - Spanish oil major Repsol on Thursday posted a 1.5 percent rise in first-quarter adjusted net profit, with stable refining margins and output growth in Peru offsetting temporary production losses in Libya and Trinidad & Tobago.
Recurring net profit adjusted for one time gains and inventory effects rose to 532 million euros ($741 million) from 524 million a year ago, the company said.
Production fell 5 percent in the quarter from a year ago, while refining margins were maintained at $3.9 per barrel, it said.
$1 = 0.7183 Euros Reporting by Tracy Rucinski; Editing by Paul Day