Commodities and Futures News
Eni Q1 profits soar to beat expectations
2022.04.29 09:33
FILE PHOTO: The logo of Italian energy company Eni is seen at a gas station in Rome, Italy August 16, 2018. REUTERS/Max Rossi
MILAN (Reuters) – Italian energy group Eni said profits in the first quarter soared to beat expectations on the back of booming oil and gas prices stoked by Russia’s invasion of Ukraine.
Adjusted net profit in the period came in at 3.27 billion euros ($3.4 billion) from 0.27 billion euros a year ago to beat a 2.47 billion euro consensus.
($1 = 0.9492 euros)
