Bloomberg News

Galp Says Fourth-Quarter Profit Doubles to 79 Million Euros

February 15, 2012

Feb. 10 (Bloomberg) -- Galp Energia SGPS SA, Portugal’s biggest oil company, said fourth-quarter adjusted net income doubled to 79 million euros from 40 million euros a year earlier, according to a regulatory filing.

That compares with the 69 million-euro mean estimate in a Bloomberg survey. Profit on this basis excludes one-time items and inventory changes.

To contact the editor responsible for this story: Joao Lima at jlima1@bloomberg.net


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