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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Galp Energia Sgps | EU:GALP | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.155 | -0.79% | 19.55 | 19.38 | 19.78 | 19.815 | 19.475 | 19.715 | 1,324,495 | 16:40:00 |
From May 2019 to May 2024
By Patricia Kowsmann
LISBON--Portuguese oil company Galp Energia SGPS SA (GALP.LB) said Monday that its second-quarter adjusted net profit fell 33% due to higher depreciation costs.
MAIN FACTS:
-Second-quarter replacement-cost-adjusted net profit--the figure most closely watched by analysts because it excludes volatile inventory effects--fell to 86 million euros ($114 million) from EUR129 million a year earlier.
-Amortization and depreciation costs rose 45% to EUR139 million, while turnover increased 1.5% to EUR4.62 billion.
-Galp's net loss in the quarter widened to EUR36 million from EUR15 million.
-Refining margins improved to $3.40 a barrel in the second quarter from $2.50 a year earlier.
Write to Patricia Kowsmann at patricia.kowsmann@wsj.com
Order free Annual Report for Galp Energia SGPS SA
Visit http://djnweurope.ar.wilink.com/?ticker=PTGAL0AM0009 or call +44 (0)208 391 6028
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