Eni: profit for the half year rises to 7.39 billion

Digital Italy climbs the EU ranking but below the average (ANSA)

(ANSA) – ROME, JULY 29 – Eni closed the first half with a net profit of 7.398 billion, up from 1.103 billion in the same period of 2021 and an adjusted net profit of 7.08 billion from 1.199 billion in 2021. Lo let the group know after the board approved the report as at 30 June.

In the second quarter, adjusted net profit amounted to € 3.81 billion, an improvement of € 2.9 billion compared to the second quarter, supported – it is explained – by the robust operating profit in addition to the positive performance of equity-valued investments and the reduction of the tax rate. “The solid results achieved and the updating of our forecasts on the reference market allow us to improve the remuneration of shareholders by increasing the 2022 share purchase program to 2.4 billion”. Thus the CEO Eni Claudio Descalzi commenting on the Group’s second quarter and first half results. “In a context of uncertainty and market volatility, we quickly took action to guarantee new supply flows”, says Descalzi: “in Italy, we have proactively committed to replenishing gas stocks in anticipation” of winter. (HANDLE).

Source: Ansa

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