• These results reflect the impact in the third quarter of Royal Decree-Law 8/2014, which was in line with the Company's estimate issued in July
• The contribution of international assets, particularly Transportadora de Gas del Perú (TgP), positively impacted results
• Enagás has redoubled its efforts to reduce and control costs
• In September, Standard & Poor’s affirmed the Company's “BBB” rating with a stable outlook
Enagás reported net profit for the first nine months of 2014 of €308.1Mn, a 1.5% increase on the year ago figure.
This includes the impact in the third quarter of Royal Decree-Law 8/2014, of 4 July, approving urgent measures for growth, competitiveness and efficiency, which was in line with the estimates made by the Company in July when the legislation was passed.
The 9M14 results also reflect the positive contribution of international assets, specifically, Peru Gas Transporter (TgP).
Other important factors were the efforts made in implementing the efficiency plan and the extension of the useful life of the Company's transmission assets which, as they contribute less to depreciation, had a positive impact on net profit.
