Galp posted Q4 15 profit of €149m, higher than the expected €120m. The beat was driven by a slightly better performance than expected in all divisions. E&P EBITDA came in at €53m, down 48% yoy, despite 43% production growth to 52.1kbpd. Refining EBITDA came in at €166m, down 13% yoy. Gas & power EBITDA was €88m, down 13.1%
08 Feb 2016
First view: Better but not exceptional
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First view: Better but not exceptional
Galp Energia, SGPS S.A. Class B (GZ5:FRA) | 0 0 1.5% | Mkt Cap: 11,340m
- Published:
08 Feb 2016 -
Author:
Alexandre Andlauer -
Pages:
2
Galp posted Q4 15 profit of €149m, higher than the expected €120m. The beat was driven by a slightly better performance than expected in all divisions. E&P EBITDA came in at €53m, down 48% yoy, despite 43% production growth to 52.1kbpd. Refining EBITDA came in at €166m, down 13% yoy. Gas & power EBITDA was €88m, down 13.1%