Enagás’ net profit in line with the growth forecasts for 2013

23 July 2013

 •  Net profit increased 5% like for like compared to the first half of 2012.

Enagás reported net profit of €202Mn in the first half of 2013. This is figure is 5% higher than the profit reported in the same period of 2012 in like-for-like terms, i.e. stripping out non-contributing acquisitions or those with a lower weighting in the first half of the previous year: consolidation of investments in the Altamira regasification plant in Mexico and the Quintero LNG plant in Chile and BBG in Bilbao, and incorporation of the assets of Naturgas Transporte in March.

Like-for-like growth of 5% in the first six months of the year is in line with the full year target of 5.5%.

Enagás had liquidity of €2.575Bn at 30 June 2013, with 85% of debt at fixed rates.

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