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Eni says Q4 adj operating profit down 29pc

Published February 13, 2014 Updated February 13, 2014 07:12am

1 min

By Shoaib Ur Rehman

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MILAN: Italian oil and gas group Eni said on Thursday its fourth-quarter adjusted operating profit fell by 29 percent to 3.52 billion euros ($4.78 billion), hit by lower production in Libya and Nigeria and a stronger euro against the dollar.

Eni's net adjusted profit came in at 1.30 billion euros for the quarter, down 14 percent but above an analyst consensus of 1.024 billion euros.

Eni, which already paid in September an interim dividend of 0.55 euros a share, said the full dividend on 2013 results would reach 1.10 euros per share, slightly higher than the 1.08 euros a share paid the previous year.

Eni is due to unveil its 2014-2017 strategic plan in London at 1400 GMT.

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