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Spanish Gas distributor sees hike in profits

Source: Reuters - Tue 26th Oct 2010

Spanish gas distributor Enagas said nine-month net profit rose 17.2 percent to 254.9 million euros ($357.8 million), broadly in line with expectations.

The operator, which gets most of its revenue from the government for investing in Spain's gas grid, said EBITDA grew 14.1 percent to 588.1 million euros.

A Reuters' survey of five analysts had seen nine-month net profit at 251 million euros and EBITDA at 585 million euros.

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