Galp Energia Q4 Adjusted Net Profit Rises 10%
Galp Energia SGPS SA (OTC: GLPEY) reported a 10% rise in its fourth-quarter adjusted net profit.
Galp Energia's quarterly replacement-cost-adjusted net profit climbed to 83 million euros ($106.2 million), versus EUR75 million, in the year-ago period. However, analysts were expecting a replacement-cost-adjusted net profit of EUR72.7 million.
Its replacement-cost-adjusted operating profit surged to EUR142 million, versus EUR106 million.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.