Enagás reported full year 2012 net profit of €379.5Mn, a 4.1% increase on the €364.6Mn reported in 2011.
EBITDA totalled €934.3Mn at 31 December 2012, 5.5% higher than the previous year’s figure of €885.5Mn.
These increased earnings was due mainly to the company’s efforts to improve efficiency and rigorous cost control. Operating expenses decreased by 1.8%.
Despite the unfavourable environment, Enagás has surpassed all of its guidance for the sixth consecutive year.
[mappress] LNG World News Staff, February 20, 2013