ERG 1Q 2013 Net Income Rises Year-on-Year

摘要

Italian oil refiner and integrated-gasification combined cycle (IGCC) electric power producer ERG announced May 14 that its first-quarter (1Q) 2013 net income rose to ?40 million (US$51.7 million), up from ?32 million ($41.4 million) in 1Q 2012. Commenting on the results, ERG CEO Luca Bettonte: “The [latest] quarter’s results show a strong upward trend in terms of both EBITDA [earnings before interest, taxes, depreciation and amortization] and net income, the latter having more than doubled compared to the overall figure for 2012. “These results were achieved thanks above all to the contribution from wind [power] assets recently acquired and the reduced exposure to refining.