Galp Energia Q4 Adjusted Net Profit Rises 10%

Galp Energia SGPS SA GLPEY reported a 10% rise in its fourth-quarter adjusted net profit. Galp Energia's quarterly replacement-cost-adjusted net profit climbed to 83 million euros ($106.2 million), versus EUR75 million, in the year-ago period. However, analysts were expecting a replacement-cost-adjusted net profit of EUR72.7 million. Its replacement-cost-adjusted operating profit surged to EUR142 million, versus EUR106 million.