The group reported its Q4 15 figures which slightly better than expected. Adjusted net income was in profit at €149m, higher than the expected €120m. EBITDA came down 22.5% to €309m for Q4 15 and up 19% for the full year at €1.56bn. By division: 1) In the E&P division, EBITDA came down 48% yoy to €53m. ProductioThe key lesson from this release is the continuing strong momentum of Brazilian oil, in terms of costs, timing, learning curve… n costs (in unit ter
06 Mar 2016
Brazil continues to outperform
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Brazil continues to outperform
Galp Energia, SGPS S.A. Class B (GZ5:FRA) | 0 0 1.5% | Mkt Cap: 11,340m
- Published:
06 Mar 2016 -
Author:
Alexandre Andlauer -
Pages:
4
The group reported its Q4 15 figures which slightly better than expected. Adjusted net income was in profit at €149m, higher than the expected €120m. EBITDA came down 22.5% to €309m for Q4 15 and up 19% for the full year at €1.56bn. By division: 1) In the E&P division, EBITDA came down 48% yoy to €53m. ProductioThe key lesson from this release is the continuing strong momentum of Brazilian oil, in terms of costs, timing, learning curve… n costs (in unit ter