ENRC Ebitda down 45% year-on-year for 2012

Underlying earnings before interest, taxation, depreciation and amortisation (Ebitda) were down 45% year-on-year at ENRC on a poor pricing environment and increased cost of sales.

Underlying Ebitda was down to $1.9 billion, with a margin of 29.9%, and overall revenue was down 18% to $6.32 billion.

The cost of sales was up...

Published

Claire Hack

March 20, 2013

16:05 GMT

London