Galp reported its Q2 16 results which were in line with expectations. The E&P division came perfectly in line with an EBITDA of €86m, down 33% yoy, while refining came in slightly below expectations at €143m, down 38% yoy, and Gas &Power above expectation at €97m, up 10% yoy.
29 Jul 2016
First view: in line Q2 16; little detail in the press release
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First view: in line Q2 16; little detail in the press release
Galp Energia, SGPS S.A. Class B (GZ5:FRA) | 0 0 1.5% | Mkt Cap: 11,340m
- Published:
29 Jul 2016 -
Author:
Alexandre Andlauer -
Pages:
2
Galp reported its Q2 16 results which were in line with expectations. The E&P division came perfectly in line with an EBITDA of €86m, down 33% yoy, while refining came in slightly below expectations at €143m, down 38% yoy, and Gas &Power above expectation at €97m, up 10% yoy.