Closed on 2011 by Saras, which released the balance sheet data in a note. Net income grew by 710%, to 58 million euros (thanks to the excellent result of the last quarter) against a net loss of 9,5 million at the end of 2010. Revenues, however, amounted to 11,03 billion euros, up 28%.
Il adjusted net result is instead a loss of 18,5 million, an improvement of 58% over the 2010 adjusted net loss of $43,9 million. The net financial position grew from a loss of 560 to 653 million euro, with a reclassified operating cash flow down from 102 to 12 million euro.
The numbers of the oil company of the Moratti family are results better than analysts forecast. After the publication of the data, the stock gained 0,71% by mid-morning today.
