Italy's ENI posts 1.46-bln euro loss in 2016
Milan economy
Milan - Arab Today
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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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