Eni Posts 82% Drop In Q2 Net Profit, Lifts Interim Dividend

Eni SpA E reported a drop in its second-quarter net profit and announced its plans to lift its interim dividend by 3.8%. Eni's quarterly net profit declined to 227 million euros ($279.2 million), versus EUR1.25 billion, in the year-ago period. Its net revenue from operations surged 25% to EUR30.06 billion. Its adjusted net profit rose 0.3% to EUR1.381 billion, versus EUR1.377 billion. However, analysts were expecting an adjusted net profit of EUR1.59 billion. Eni will raise the interim dividend to EUR0.54 per share from EUR0.52 per share. Eni shares closed at $41.24 yesterday.