Repsol profit falls due to forex factors - MarketWatch

Repsol SA (REP.MC) said Thursday that its fourth-quarter net profit fell due to losses related to exchange rates.

Net profit at the Spanish energy company was 170 million euros ($193.5 million) compared with EUR538 million a year earlier.

Earnings before interest, taxes, depreciation and amortization were EUR1.68 billion compared with EUR2.01 billion a year earlier.

Repsol said its 2020 strategic objectives are on track.

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