Rome

Eni reports first-quarter profits of 1.54 billion euros

Oil and gas giant says quarterly profits down 57.3%

Eni reports first-quarter profits of 1.54 billion euros

Rome, April 24 - Italian oil and gas giant Eni reported profits of 1.54 billion euro in the first quarter Wednesday - a drop of 57.3% compared with one year earlier. During the same period last year, Eni reported 3.61 billion euros in net profit. The company attributed the weaker results to rising taxes and a poor operating performance.

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