Cepsa Reports Earnings Results for the Nine Months Ended September 30, 2016
Cepsa reported earnings results for the nine months ended September 30, 2016. For the period, the company reported net profit of EUR 457 million compared to EUR 407 million a year ago. The company reported net income on a clean current cost of supplies (CCS) basis which values inventories at replacement cost, of EUR 373 million in the first nine months of the year, down 18% from the same period in 2015.