20 April 2024
Snam's Algerian imports slump but group profits soar
Publication date: 06 May 2014
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Italian transmission system operator (TSO) Snam returned a net profit of €292 million ($406 million) in Q1, up a healthy 20.7% on the same quarter the previous year, the company said on Tuesday, despite an 18% slump in domestic gas demand compared to Q1 2013.