Market Overview

Repsol Reports Drop In Q3 Replacement-Cost-Adjusted Net Profit

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Repsol YPF SA (OTC: REPYY) reported a 14.5% decline in its Q3 net profit, excluding inventory effects.

Repsol's unadjusted net profit climbed 24.3% y/y to EUR557 million, from EUR448 million, in the year-ago period, versus analysts' estimates of EU443.1 million.

Repsol's replacement-cost-adjusted net profit declined to EUR429 million from EUR502 million.

Repsol shares closed at $29.60 yesterday.

 

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