Enagás announces profit for Q1 2018
Published by Will Owen,
Editor
LNG Industry,
Enagás has achieved a net profit of €103.9 million in Q1 2018.
This figure is 1% higher than Q1 2017, excluding the non-recurring capital gains of €52.4 million reported in January 2017 as a result of the full consolidation of GNL Quintero.
The growth recorded in Q1 2018 is in line with the targets set for the year and is mainly due to two factors: The meticulous control of operating and financial expenses, and the good performance of affiliates, which account for more than 19% of net profit.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/24042018/enagas-announces-profit-for-q1-2018/
You might also like
Emissions pooling: Bio-LNG powers emission reductions across European shipping
Our December issue features an article where Jani Arala, Commercial Manager, Maritime, Gasum, looks at FuelEU Maritime emissions regulations and highlights how the use of bio-LNG and pooling can bring benefits to shipowners and the environment.