Giovedì, 18 Ottobre 2018

ENI third-quarter profits up 40.3%


Rome, October 30 - Italian oil and gas company ENI
on Tuesday posted a net profit of 2.48 billion euros for the
quarter ended September 30, a 40.3% rise over the third quarter
last year.
Net profits for the first nine months of 2012 stood at 6.33
billion euros, up 13.6% compared to the same period in 2011.
''ENI achieved excellent third-quarter results thanks to
growth in production, underpinned by the continual improvement
of activities in Libya,'' said company CEO Paolo Scaroni.
Fossil-fuel production grew by 16% in the third quarter and
by 8.3% in the first nine months of the year compared to the
same periods in 2011.
ENI's financial position has also been strengthened by the
disposal of stakes in Italian gas infrastructure company SNAM
and Portugal's Galp Energia, Scaroni said.
ENI shares rose by 1.6% to 17.61 euros on the Milan stock
exchange following the profit announcement.

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