Enagás reported net profit for the first nine months of 2007 of 176.3 million euros, an increase of 7% on the same period last year

25 October 2007

The quarterly progression of net profit growth (2% in the first quarter, 5.1% in the first half and 7% in the first nine months) leaves the company on track to achieve its target of a 10% increase for full year 2007.

Enagás’ Board of Directors approved 1,174.7 million euros worth of investment projects in the period, a new record for the company.

Investment through to 30 September 2007 amounted to 297.7 million euros, while 64.6 million euros worth of assets were put into operation.

Significant progress was made in the period towards obtaining authorisation for projects worth around 2,075 million euros.

Enagás reported net profit of 176.3 million euros in the nine months ended 30 September 2007, an increase of 7% on the same period last year.

The quarterly progression of net profit growth (2% in the first quarter, 5.1% in the first half and 7% in the nine-month period) leaves the company on track to achieve its target of around a 10% increase for the full year 2007.

EBITDA amounted to 450.5 million euros, 9.4% more than the 411.7 million euros obtained in the first nine months of last year.

EBIT totalled 307.8 million euros, an increase of 7.6% from the 285.9 million euros registered in the same period last year.

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