italys eni posts 146bln euro loss in 2016
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Italy's ENI posts 1.46-bln euro loss in 2016

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Arab Today, arab today Italy's ENI posts 1.46-bln euro loss in 2016

Milan economy
Milan - Arab Today

 Hit by the global slump in crude oil prices, Italian energy giant ENI on Wednesday reported a net loss of 1.46 billion euros ($1.5 billion) in 2016, narrower than the previous year, but still wider than expected.

Analysts had been expecting a loss of 467 million euros. But the figure was much narrower than in 2015 when the company booked a bottom-line loss of 8.77 billion euros. 

 
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