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Repsol increases net income by 35%

3 Nov 201608:00 CET

Repsol posted a net income of 1.120 billion euros in the first nine months of 2016, a 35% increase from the 832 million in the same period of the previous year. All Repsol’s business units have showed positive results in this period. Especially significant is the 668 million-euro increase in adjusted net income in the Upstream unit, from a 633 million-euro loss in the first nine months of 2015 to a profit of 35 million euros in the first nine months of 2016. In the third quarter the chemicals business unit maintained the solid performance of previous quarters due to efficiency and transformation initiatives implemented which improved sales and made the most of better international margins.

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