Eni, the collapse of oil weighs on the budget – The Time

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The collapse in oil prices is being felt on the accounts of Eni . The second quarter ended with net result is a loss of 0.11 billion, while adjusted net profit fell 84% to 0.14 billion euro. The Group however proposes interim dividend of 0.40 euro per share (0.56 in 2014). The ad Descalzi explained that “actions taken helped limit the effects of the fall in oil prices, both in economic terms and in terms of cash.” The half year with a net profit of 0.59 billion (-70%) and an adjusted net profit of 0.79 billion (-62%).

To Enel the result for the period was up 10% to 1.833 billion while net ordinary income rises by 3.4% to 1,604 billion. The group says that the results in growth in Latin America and the Iberian Peninsula and the good performance of renewables, offset the decline in margins in Italy and Eastern Europe. Revenue growth to 37.632 billion (+ 4.2%). “The reorganization of the group launched last year, is already recording signs of improvement in cash flow,” commented the CEO Francesco Starace.

Mediaset back in profit in the first half with a profit of 24.3 million, while revenues stable for 1.7 billion. Weakness Italian (revenues down 1.257000000000 to 1.243000000000 between 2014 and this year) was offset by the momentum Spanish (468,000,000 to 478,000,000). For General satisfactory results, as pointed out by the Greek to Mario. In the half year the group recorded a net profit up sharply to 1.3 billion (+ 21.6%) and operating profit up 11.3% to 2.8 billion, the best of the past eight years. Gross premiums exceeding 38 billion (+ 7.3%) thanks to the increase in life premiums (+ 10.6%). Greek estimate an “improvement in net income for this year.” Finmeccanica today announced that it returned to profit in the first half of the year and that it has approved a major reorganization that centralizes the management of the various divisions of the group and promotes the sale of non-core assets. The net result is ordinary in late June to 111 million by the loss of 39 million a year ago. Confirmed the forecasts for the full year 2015. Revenues were up 4.6% to 5.973 billion.

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