Repsol Third-Quarter Earnings Dropped
October 31 2019 - 3:55AM
Dow Jones News
By Kim Richters
Repsol SA (REP.MC) said on Thursday that its earnings in the
third quarter of the year dropped, as the company faced lower oil
and gas prices.
The Spanish oil-and-gas company's profit for the period dropped
to 333 million euros ($370.3 million), compared with EUR625 million
a year earlier, it said.
Adjusted net income, which excludes non-recurring items, fell to
EUR522 million from EUR588 million.
Earnings before interest, tax, depreciation and amortization for
the quarter was EUR1.60 billion, down from EUR2.02 billion the
year-earlier quarter.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 31, 2019 03:40 ET (07:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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