MADRID (AP) Spanish energy company Repsol has posted a net
profit drop of 30 percent in the second quarter compared with the
same period last year mainly because of workforce restructuring
costs.
Repsol S.A. said Thursday its profits totaled 205 million euros
($225 million) in April through June, against 292 million euros
for the period in 2015.
Repsol began stepping up cost-cutting efforts in recent months as
the oil prices tumbled.
The company said it had set aside 346 million euros for staff
restructuring in the first six months of 2016.
It pointed out that given an environment of depressed crude oil
and gas prices, the savings measures had led to …
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