Market Overview

Galp Q2 Adjusted Profit Drops 33%


Portuguese company Galp Energia SGPS SA (OTC: GLPEY) reported a 33% drop in its second-quarter adjusted net profit.

Galp's quarterly adjusted net profit declined to 86 million euros ($114 million), versus EUR129 million, in the year-ago period.

Galp posted a quarterly net loss of EUR36 million, versus a year-ago loss of EUR15 million. Its refining margins rose to $3.40 per barrel from $2.50 per barrel.

Posted-In: lossEarnings News


Related Articles (GLPEY)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at