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Italian Eni reports almost �2.4 million profit in 1Q23

- Company's revenue for January-March 2023 period reaches �27.6 billion compared to �32.5 billion for same quarter last year

Italian Eni posted a 33% loss in net profit during the first quarter of 2023 of around �2.4 billion (around $2.6 billion) compared to �3.6 billion in the same quarter of last year, according to its financial results statement released on Friday.

The company recorded nearly $627 million in profit during the last quarter of last year.

The revenue for the January–March period reached �27.4 billion, compared to �32.5 billion for the same quarter of 2022.

The company's fourth-quarter 2022 revenue amounted to �31.4 billion.

By Sibel Morrow

Anadolu Agency

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