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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 | 121.51 KB