Finance
Spain's Enagas swings to first-half net profit
Published by Global Banking & Finance Review®
Posted on July 22, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 22, 2025
1 min readLast updated: January 22, 2026
Enagas reports a net profit of 176 million euros for the first half of 2023, reversing last year's loss with gains from asset disposal and arbitration.
MADRID (Reuters) -Spanish gas grid operator Enagas said on Tuesday it booked a net profit of 176 million euros ($205.66 million) in the first half of the year, helped by gains from a disposal and the upwards revision of the amount it was awarded in an arbitration on an investment in Peru.
In the same period last year, the company had a loss of 211 million euros, dragged by a capital loss on the sale of an asset in the U.S.
The company said it is on track to achieve its profit target for the year.
($1 = 0.8558 euros)
(Reporting by Pietro Lombardi, editing by Inti Landauro)
Enagas reported a net profit of 176 million euros ($205.66 million) in the first half of the year.
In the same period last year, Enagas had a loss of 211 million euros due to a capital loss on an asset sale.
Yes, the company stated that it is on track to achieve its profit target for the year.
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