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Snam quarterly: net profit down by 13,7%

The energy company has also decided on an interim dividend of 0,10 euros per share, a permitted decision, explained the CEO. Carlo Malacarne, from the 'results achieved' and from 'our expectations of future growth and profitability'.

Snam quarterly: net profit down by 13,7%

Snam ended the second quarter with a net profit of 234 million euro, down 13,7% compared to the same period of the previous year. Revenues meanwhile increased by 3,5% to 894 million. The group closes the six-month period with a 7,7% increase in revenues to 1,72 billion, an improvement in operating profit of 2,7% to 1,01 billion and an 11,8% decrease in net profit to 508 million.

The company has decided on an interim dividend of €0,10 per share, decision permitted, explained the CEO. Carlo Malacarne, from the 'results achieved' and from 'our expectations of future growth and profitability'.

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