Repsol: net profit down 36% to E1.792bn
(CercleFinance.com) - Repsol posted a net profit of E1.
792bn in the first nine months of 2024, down 36% y-o-y.
Adjusted earnings, which specifically measure business performance, fell by 30% to E2.684bn in the first nine months of the year.
Q3 net income totaled E166m, down 75% sequentially and down 88% y-o-y.
The company has announced the distribution of a cash dividend of E0.475 gross per share in January 2025. In addition, Repsol has set up a share buyback program to meet its commitment to buy back 60 million shares this year.
We are taking important steps in the implementation of our strategic objectives, aimed at a profitable and fair energy transition. We firmly believe that our industrial and energy activities are engines of wealth, employment and prosperity that deserve institutional support, management said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
792bn in the first nine months of 2024, down 36% y-o-y.
Adjusted earnings, which specifically measure business performance, fell by 30% to E2.684bn in the first nine months of the year.
Q3 net income totaled E166m, down 75% sequentially and down 88% y-o-y.
The company has announced the distribution of a cash dividend of E0.475 gross per share in January 2025. In addition, Repsol has set up a share buyback program to meet its commitment to buy back 60 million shares this year.
We are taking important steps in the implementation of our strategic objectives, aimed at a profitable and fair energy transition. We firmly believe that our industrial and energy activities are engines of wealth, employment and prosperity that deserve institutional support, management said.
Copyright (c) 2024 CercleFinance.com. All rights reserved.