Enagas¿ Net Profit increased to ¿225.3 million, an increase of 18% over the previous financial year

24 January 2007

Investments during 2006 reached an amount of €433.2 million and assets in operation increased to €326.8 million.
The Board of Directors approved investment projects totalling €1.200 billion, a record amount in the Company’s history.
Following an analysis of the impact of the Ministerial Orders which set out payments for activities in the gas sector, Enagas confirms that all projects in the Company's Strategic Plan are viable.

Enagas achieved an accumulated Net Profit to 31 December 2006 of €225.3 million, 18% higher than the €191 million recorded to the same date in 2005. In the 2005 financial year two non-recurring items were recorded in the accounts giving rise to gains worth €7 million. Not taking the above-mentioned items into account, the 2006 Net Profit would have increased by 20.8% relative to the previous year.

The Operating Income (EBIT) recorded on completing the fourth quarter of the year was €392.4 million, 17.9% higher than the €332.8 million for the 2005 financial year.

The Operating Cash Flow (EBITDA) increased in 2006 to €563.6 million, compared with €478.4 million in 2005, an increase of 17.8%.

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