Monday, April 27, 2015

Galp profits increase to 121 million euros in the first … – The Ball

Profits Galp Energia rose 157% in the first quarter of this year compared to the same period last year. The national oil recorded a net profit of 121 million euros, 75 million more than in 2014, a result which contributed to an increase of production and an increase in refining margins activity.

The data was released this second -Thurs by the company in a statement sent to the CMVM.

The company has invested over EUR 283 million quarter, of which 96% were for exploration and production activities. Already the company’s debt has declined by 12% to 1429 million.

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