Eni Q3 Profit Declines 57% - Quick Facts

(RTTNews) - Italian oil and gas company Eni SpA (E) Thursday said third-quarter net profit attributable to shareholders declined 57 percent to 1.71 billion euros from last year's 3.989 billion euros.

Earnings per share declined to 0.48 euro from 1.10 euros.

Adjusted net profit grew 2.5 percent to 1.17 billion euros for the quarter

Adjusted operating profit declined 11.8 percent to 3.03 billion euros for the quarter.

Net sales from operations declined to 26.600 billion euros from 29.775 billion euros.

Further, Eni reaffirmed its commitment to restoring profitability and preserving cash generation at the company's mid and downstream businesses, by leveraging cost cuts and continuing renegotiation of long-term gas supply contracts, capacity restructuring and reconversion along with product and marketing innovation.