Eni closed the first nine months of the year with a net profit of 5,81 billion, down 5,8% compared to the same period in 2012. In the only third quarter, however, profits have peaked 3,99 billion, surging 61,9% every year. This was announced by the company, specifying that the increase is linked to the "capital gain net of the related tax charges of 3 billion recorded on the sale of 28,57% of Eni East Africa, owner of 70% of the mineral rights of Area 4 of discovered in Mozambique by the Chinese company China National Petroleum Corporation. This benefit was partly offset by the drop in operating profit and other changes”.
Excluding Snam's contribution, Eni closed the third quarter with an adjusted net profit of €1,17 billion, down by 29,4% compared to the same period last year, and an adjusted EBIT of €3,44 billion (-15,7% ). In the nine months adjusted net profit fell by 41% to 3,13 billion and adjusted operating profit by 35,2% to 9,1 billion.
After the dissemination of these numbers, higher than expected, Eni's share on the Stock Exchange travels up by more than three and a half percentage points, achieving the best rise of the Ftse Mib.
“The results consolidate our profitability in a quarter that was still affected by the difficult conditions of the European mid and downstream markets, by the extraordinary reductions in production in Nigeria and Libya and by the appreciation of the euro,” he said. Paolo scaroni, number one of the Italian energy giant –. Given the temporary nature of these factors and the strength of our business, we will start the buy back program".
As for the investments technicians, reached 3,05 billion in the quarter (8,98 billion in the nine months). The gas sales amounted to 18,35 billion cubic meters, recording a decrease of 1,13 billion cubic meters (-5,8%): in Italy there was a slight increase (+2,9% to 6,13 billion cubic meters in the quarter), while on the European markets the drop was 17,6%.
In the nine months of 2013, gas sales (67,61 billion cubic meters) decreased by 3,7% compared to the corresponding period of 2012 due to the drivers described in the quarter and the impact of the Galp disposal in 2012, net of which the decline is reduced to 1,5%.
