Italian oil and gas company Eni S.p.A. (E) posted lower net profit of 1.46 billion euros for the 2012 fourth quarter, versus last year's 1.29 billion euros, with net loss attributable to Eni's shareholders from continuing operations amounting to 1.96 billion euros, or 0.54 euros per share, as against a profit of 1.32 billion euros, or 0.36 euros per share, in the 2011 period.
During the recent quarter, adjusted net profit attributable to Eni's shareholders from continuing operations totaled 1.52 billion euros, down 3.6% year-over-year, while it rose 9.2% year-on-year, excluding Snam contribution. On a per share basis, adjusted net profit attributable to Eni's shareholders from continuing operations was 0.42 euros.
Fourth-quarter net sales from continuing operations went up 9.9% to 32.57 billion euros, from 29.65 billion euros.
In addition, the board plans to submit a proposal for distributing cash dividend of 1.08 euros per share at the annual shareholders' meeting.
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