Wednesday, May 11, 2016

natural gas reduces 10 percent of its operating result to March – Yahoo Finance Spain

MADRID (Reuters) – Gas Natural announced Wednesday a drop of almost 10 percent in the gross operating profit (EBITDA) to 1,216 million euros, due the impact of foreign exchange in Latin America, the pool prices in Spain and weakness in the liberalized business.

the group net profit fell 18.6 percent to 329 million euros.

Analysts polled by Reuters had expected EBITDA of 1,238 million and a net profit of 339 million.

The group plans to present today its strategic plan for the period 2016-2020.

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