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Eni Q1 profits soar to beat expectations

04/29/2022

Less than a minute

2022.04.29 09:33

Eni Q1 profits soar to beat expectations
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)

Source

04/29/2022

Less than a minute