Enagás invested a record €763.8Mn
Assets brought on stream totalled €892.2Mn, mainly as a result of the commissioning of the Mainland-Balearics pipeline
The Company managed to cut operating expenses by 4.1% year-on-year and to contain its financial costs
Enagás is in sound financial health and so will be able to follow through on investments planned until 2012
In September, Enagás carried out a €147.5Mn private bond placement with the Japanese subsidiary of North American insurer AFLAC
9M09 earnings are in line with the Company’s 2009 guidance.
Enagás reported net profit of €217.4Mn for the first nine months of 2009, a 8.1% increase on the 9M08 figure of €201.2Mn. EBITDA totalled €515.5Mn, 5.8% higher than the year-earlier figure of €487.2Mn.
The Company was able to cut operating expenses by 4.1% year-on-year, mainly as a result of implementing its 2008-2010 Efficiency and Cost Containment Plan.