UPDATE 1-Spain's Enagas says coronavirus no threat to 2020 profits [Reuters]
ENAGAS SA UNSP/ADR (ENGGY)
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enagas.es
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Source: Reuters
UPDATE 1-Spain's Enagas says coronavirus no threat to 2020 profits (Adds comments from president, financial details.) April 21 (Reuters) - Spanish gas grid operator Enagas said on Tuesday the coronavirus epidemic does not pose a risk to its 2020 profits and said it aims to keep the dividend from last year’s earnings. “We can be cautiously optimistic,” Enagas president Antonio Llarden told analysts during a conference call on Tuesday. The company said net profit in the first quarter rose 119 million euros ($128.94 million), up from 104 million euros in the same period a year ago. “Out of the analysis made by the company, no evidence was found of any impact from the COVID-19 situation on the first quarter financial statements,” Enagas said in a statement. Spain has had one of the world’s worst coronavirus outbreaks, with more than 20,000 fatalities. Enagas had said earlier this year it expected its net profit to reach 440 million euros in 2020 up from 423 million euros last year. The co
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