Oil & Gas company in all aspects of the petroleum business, including in the exploration, development and production of crude oil, natural gas; the transportation of petroleum products and liquefied petroleum gas (LPG) and natural gas; petroleum refining; production of petrochemicals and... More
Thursday, May 97:57 AMRepsol (REPYY.PK, REPYF.PK) continues to bounce back from the YPF saga, as its Q1 profit rose 38% Y/Y, mainly due to higher production and refining margins. Excluding one-off gains and losses from asset sales and the like, CCS adjusted net income rose 47% to €676M, above analyst consensus of €545.1M. Group revenues rose 3% to €15.5B. |Thursday, May 97:57 AM| Comment!
Thursday, May 102012, 11:37 AMRepsol (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. |Thursday, May 102012, 11:37 AM| Comment!