Tuesday, July 19, 2016

Ebitda increased erodes template Enagas 4% to June – Yahoo Finance Spain

MADRID (Reuters) – Enagas said on Tuesday its gross operating profit (EBITDA) in the first six months of the year fell 4.1 percent to 440 million euros by increased operating expenses, which rose nearly 11 percent.

This increase (in cost) is mainly due to higher personnel expenses due to the effect of annualization of recruitment in 2015, due to increased international activity and a different scheduling of other operating expenses over the first half of 2015, “he said in his statement to securities supervisor.

on the other hand, revenue manager regulated network of Spanish gas fell 1.9 percent to 567 million euros, while net profit grew 0.5 percent to 214.2 million.

the investments in the first half amounted to 193.1 million, most overseas (163 million), equivalent to 41 percent of the 465 million it plans to invest throughout the year.

Enagas, whose accounts inaugurate the season of half-year results in Spain, said that demand for gas Natural in Spain between January and June was 158.9 TWh, 1.3 percent lower than the first half of last year due to lower demand for gas for electricity in a period of strong hydroelectric production.

the directors of Enagas, headed by its President Antonio Llardén, accounts explain analysts in a conference call at 0900 local time

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