Enagas on track to meet earnings target after Q3 results

Enagas SA

Tue 07:11

MADRID, Oct 20(Reuters) - Spanish gas grid operator Enagas ENAG.MC said on Tuesday it was on track to meet its earnings target for this year after adjusted profit fell 5.4% in the first nine months. 
Excluding one-offs, such as sales of assets, profit for the January-September period was €195.8 million ($219.84 million), down from €206.9 million a year earlier as regulated revenue declined. 
Reported net profit fell to €204.1 million compared with €262.8 million in the same period last year.    

($1 = 0.8906 euros)

 (Reporting by Pietro Lombardi; Editing by David Latona)
 ((Pietro.Lombardi@thomsonreuters.com;))