Enagas on track to meet earnings target after Q3 results

By Reuters News

MADRID, Oct 20(Reuters) - Spanish gas grid operator Enagas ENAG.MC said on Tuesday it was on track to meet its earnings target for this year after adjusted profit fell 5.4% in the first nine months.

Excluding one-offs, such as sales of assets, profit for the January-September period was €195.8 million ($219.84 million), down from €206.9 million a year earlier as regulated revenue declined.

Reported net profit fell to €204.1 million compared with €262.8 million in the same period last year.


($1 = 0.8906 euros)

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