Eni Posts Loss In Q4 - Quick Facts

(RTTNews) - Italian oil and gas company Eni SpA (E) reported 0.61 billion euros of net loss attributable to shareholders in the fourth quarter 2013, as against a 1.46 billion euros of profit last year. On an adjusted basis, net profit amounted to 1.30 billion euros in the latest quarter.

Quarterly net sales from operations, on a continuing operations basis, totaled 26.32 billion euros, down 19.1% from the prior-year figure of 32.52 billion euros. Adjusted net profit attributable to Eni's shareholders from continuing operations were 0.36 per share this quarter.

In addition, the board would propose the distribution of a cash dividend of 1.10 euros per share at the Annual Shareholders' Meeting. Included in this annual payment is 0.55 euros per share, that was paid as interim dividend in September 2013. The balance 0.55 euros per share would be payable as of May 22, 2014, with the ex-dividend date being May 19, 2014.