MADRID (AP) — Higher oil and gas prices helped Spanish oil company Repsol SA post a solid profits improvement in the first three months of the year despite the suspension of its Libyan operations.
The company said Thursday that net income during the first quarter rose 11.2 percent to €765 million ($1.1 billion) from €688 million a year earlier. Revenue increased 17 percent to €15.84 billion.
Repsol's chairman Antonio Brufau said the company is in a position to undertake new growth projects and continue …
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