MADRID (dpa-AFX) - Spanish oil major Repsol SA (REPYY.PK) Thursday said its nine-month net income MIFO plunged to 832 million euros from 1.646 billion euros in the same period of 2014.
The latest results were impacted by the effect of falling crude oil prices on the value of inventories totaling 329 million euros and by a non-recurring negative item of 238 million euros, essentially from extraordinary impairments booked in the period.
Repsol achieved an adjusted net income of 1.399 billion euros in the first nine months of 2015, up 5 percent from the 1.337 billion euros obtained in the same period of 2014.
Repsol's average production reached 653,400 barrels of oil equivalent per day in the third quarter, almost 80 percent more from the prior year.
The company maintained its guidance of a full-year adjusted net income of between 1.6 and 1.8 billion euros.
Copyright RTT News/dpa-AFX