First half results for 2006. Enagas net income climbs to 111.3 million euros, 10.6% up on the corresponding period for the last financial year.
· Accumulated investment to June rose to 170.3 million euros.
· The Enagás Board of Directors approved investment projects worth a total of 419.1 million euros.
· Assets put into operation for the same period totaled 149.8 million euros.
· The demand for gas transported through June 2006 was 7.2% higher than in the first half of the previous year.
Net income for the first half of 2006 stood at 111.3 million euros, 10.6% higher than those obtained over the same period in 2005. During the first six months of 2005, two non-recurring items were registered, resulting in capital gains of 7 million euros. Without taking these items into account, the net profit up to the 30th of June 2006 would have risen by 15.8% with respect to the same period in the previous year.
The Operating Result (EBIT) for the six month period stood at 192.3 million euros, 9.1% up on the 176.2 million euros from the previous year.
Operating Cash Flow (EBITDA) for the first half of 2006 reached 272.8 million euros, 11.5% greater than the 244.7 million euros accumulated up to June 2005.