Enagas Net Profit Up 4.1 Pct, Spain

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