Full-year profit jumped 90% on asset sales and cost cuts

Article Abstract:

Repsol-YPF S.A. said its net profits for 2002 almost doubled to 2.27 billion euros before items and amortization. The company was helped by cost-cutting measures and asset sales.

Spain, Repsol-YPF S.A. (Madrid, Spain)

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Profit jumps 45% as prices of oil and natural gas surge

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Eni S.p.A. posted an increase of 45% in its 2003 first quarter net profits. The company was helped by higher natural gas and oil prices.

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Eni's net profit tumbled in 2002

Article Abstract:

Eni S.p.A. posted a decline of 41% in its net profits for 2002. The company posted 4.58 billion euros in net profits for the year.

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subjects list: Finance, Petroleum industry, Natural gas, Petroleum, Company sales and earnings, Gas industry, Company earnings/profit, Italy, Eni S.p.A.