Repsol (REPYY.PK +7.4%) moves to show it has a solid future without its nationalized Argentine...

|About: Repsol S.A. ADR (REPYY)|By:, SA News Editor

Repsol (REPYY.PK +7.4%) moves to show it has a solid future without its nationalized Argentine unit, publishing Q1 earnings figures showing a net profit increase both with and without YPF. Net Q1 profit including YPF rose 3.5% Y/Y to $1.02B; adjusted to exclude the Argentine unit, net profit would have climbed 12.4%. Either way, "a solid set of results," an RBC analyst says.