January-December 2003 Results Preview

Press Release 24/02/2004 07:00

Repsol YPF posts more than Eu2,000 million in net income
Operating Income rises 16% in euros (39% in dollars)
Adjusted net income in euros up 18% (41% in dollars)
Production 13% higher in the year: 1,132,500 barrels of oil equivalent per day (boepd)
Net debt slashed 32%, and financial costs 49%