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Name | Symbol | Market | Type |
---|---|---|---|
Repsol SA (QX) | USOTC:REPYY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.09 | 0.59% | 15.46 | 15.18 | 15.72 | 15.54 | 15.41 | 15.4501 | 50,211 | 21:00:29 |
By Nathan Allen
Repsol SA (REP.MC) said Wednesday that its net profit fell sharply in the second quarter compared with the same period last year, when it reported a capital gain on the sale of its stake in Naturgy Energy Group SA (NTGY.MC).
The Spanish oil-and-gas company posted a quarterly net profit of 525 million euros ($586.5 million) compared with EUR936 million a year earlier.
Adjusted net income, which excludes non-recurring items, dropped to EUR497 million from EUR549 million, the company said. This compares with company-compiled consensus of EUR478 million.
The company said it will submit a proposal to shareholders to reduce its share capital by 5% through the cancellation of treasury shares.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 24, 2019 02:27 ET (06:27 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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