Net profit at 438 million euros in the first half (+15,3%), of which 225 million realized in the April-June period, for an increase of 13,6% compared to the same period of 2010. These are the numbers published in the latest half-year report from Saipem, a company of the Eni group.
The BoD also specifies that the company's financial position is in the red by 3,399 billion, with an increase of 136 million compared to the end of 2010 due to "period investments and the distribution of dividends, largely offset by the cash flow deriving from the operation management".
New orders recorded amounted to 6.006 million euros, down on the 7.059 million recorded last year. The residual order backlog instead stands at 20.490 million euro. Between January and June technical investments were made for 561 million euro, while in the first half of 2010 they had been 782 million.
The “good performance of volumes and margins in the first half and a substantial order backlog – reads a note from the company – allow us to look with confidence at the achievement of the improvement targets for the 2011 financial year announced at the end of the first quarter. Investments in 2011 are confirmed at around 1,1 billion euro”.
Finally, the BoD ratified the merger by incorporation of Saipem Energy Services into Saipem. The project was approved on June 16th.
