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Eni confirms production targets as second quarter profits miss forecast

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Eni confirms production targets as second quarter profits miss forecast

Eni confirms production targets as second quarter profits miss forecast
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Stefano Rellandini(Reuters)
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MILAN (Reuters) - Italian oil major Eni <ENI.MI> confirmed its production growth targets for the year after profits in the second quarter came in below market forecasts.

Adjusted net profit in the quarter rose 66 percent to 767 million euros (£681 million), below an analyst consensus provided by the company of 1.0 billion euros.

The major, which announced an interim dividend of 0.42 euros per share, confirmed its oil and gas production would grow by 4 percent this year from 2017.

(Reporting by Stephen Jewkes, editing by Valentina Za)

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