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Saipem: 2011 net profit +9%, and the stock soars on the Stock Exchange

The Board of Directors of the Eni group plant engineering company has also established the amount of the next dividends: 0,70 euro for ordinary shares and 0,73 euro for savings shares – For 2012 Saipem expects further growth in net income , revenues and gross operating margin.

Saipem: 2011 net profit +9%, and the stock soars on the Stock Exchange

Day of earnings in Piazza Affari for Saipem, which at the beginning of the afternoon imposes itself as one of the best stocks in the Ftse Mib, with an increase of more than two and a half points. The plant engineering company of the Eni group accelerated on the stock exchange immediately after the publication of the 2011 accounts, which highlighted a net profit of 920 million euros, up 9,1% every year.

Il "adjusted" data on the other hand, it reached the record level of 921 million euro, with an increase of 11,2% compared to the previous year. Good above all fourth quarter net income, to 258 million euros (+8,9% compared to the same period last year).

Saipem's board of directors has also established the amount of future payables dividends: 0,70 euro for ordinary shares and 0,73 euro for savings shares.

Le acquisition of new orders in 2011 they amounted to 12.505 million euros (against 12.935 million in 2010) and the residual order book as at 31 December 2010 it stood at 20.417 million euros (compared to 20.505 million euros in the previous year). The technical investments carried out in 2011 amounted to 1.199 million euro (1.545 million in 2010). For 2012, the company expects further growth in net income, revenues and EBITDA.

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