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Spain's Enagas Q1 net profit up 5 percent

Published April 29, 2014 Updated April 29, 2014 06:02am

1 min

By Shoaib Ur Rehman

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MADRID: Spanish gas grid operator Enagas on Tuesday posted a 5 percent rise in net profit for the first quarter of the year to 99.7 million euros ($138 million) thanks to contributions from new assets.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) for Enagas grew 4.9 percent to 245.9 million euros in the first three months of 2014 from the same period a year earlier.

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