YPF Quarterly Profit More Than Doubles After Repsol’s Exit
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YPF SA, Argentina’s largest company, said first-quarter profit more than doubled on higher oil and gas production.
Net income increased to 2.88 billion pesos ($360 million), or 7.34 pesos a share, in the quarter from 1.26 billion pesos, or 3.2 pesos, a year earlier, Buenos Aires-based YPF said in a statement to Argentina’s regulator yesterday. YPF beat an estimate of 5.68 pesos per share by Raymond James analyst Santiago Wesenack, according to data compiled by Bloomberg.