Recurring net income rose 23.4%

Repsol net income increases to 765 million euros

Press Release 12/05/2011 14:56

All of Repsol’s core businesses experienced improvements in their operating income: Upstream 13.4%, LNG 238% and Downstream 14.1%.
In the first quarter, the group's operating income rose to 1.611 billion euros.
The company’s cash generation allows Repsol to comfortably undertake the investments included in the Strategic Plan. The group’s EBITDA in the first quarter was 2.518 billion euros.
The group's net income increased 11.2% and recurring net income improved 23.4% to 791 million euros.
Repsol took decisive steps in its strategy to divest part of its stake in YPF with a successful 7.7% share sale and the decision of the Petersen Group to exercise its option to purchase a further 10% of the Argentinean company.
Investments increased 43% to more than 1.1 billion euros.
Antonio Brufau: "We are in a privileged situation to undertake new growth projects and continue our geographical diversification policy."

12 May 2011 - 00:00 CEST | PDF | 129.60 KB