Repsol Q1 Profit Rises 57% and Misses Analyst Forecasts
Repsol reported adjusted net income of 873 million euros for the first quarter. Higher refining margins drove a 57 percent profit rise for the Spanish company.
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REPSOL SA grew first-quarter adjusted net profit 57% to 873 million euros ($1.02 billion) on Thursday. The result missed the 897 million euro average forecast provided by Spain's main refiner and oil producer. Investors are weighing record refining margins against a bottom-line miss.
