Repsol posts net income of 761 million euros
Adjusted net income, which specifically measures how the company's business units are performing, was 928 million euros, the company said in a recent press release discussing first quarter earnings.
The efficiency of Repsol's refining system, following the significant investments made at the company’s facilities, had an unmistakable impact in the first quarter, achieving the highest refining margins in Europe at $8.7 a barrel, compared with $3.9 a barrel in the first quarter of 2014, the company said.
Net income was 761 million euros, a fall of 6% compared to the first quarter of 2014, which included 299 million euros of earnings from LNG assets and other businesses which were later sold.
