Gas Natural SDG's 1Q Net Profit, Sales Rose
26 Avril 2018 - 9:27AM
Dow Jones News
By Marc Bisbal Arias
Gas Natural SDG SA (GAS.MC) said Thursday that its first-quarter
net profit rose on year on the back of higher net sales.
Net profit was 320 million euros ($390 million) compared with
EUR298 million in the year-earlier period. This included the
capital gain from the sale of the company's Italian business and an
impairment for preliminary adjustments, which came to a combined
total of EUR338 million.
Net sales rose to EUR6.41 billion from EUR6.1 billion.
The company said it had a good business performance in the
quarter, particularly in gas.
Gas distribution rose 5.6% year-on-year, but electricity
distribution stayed flat. Wholesale gas supply grew during the
period both internationally and in Europe, with the exception of
Spain, where it decreased.
Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
April 26, 2018 03:12 ET (07:12 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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