Company Profile For Distrigaz

Distrigaz (DISTy.BR) (Brussels Stock Exchange)

sector: Utilities · industry: Utilities - Natural Gas ·

As of 4 May 2009

6,250.00EUR

Price Change

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Percent Change

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Analyst Recommendations

Overview

Distrigas NV (Distrigaz SA) is a Belgium-based company engaged in the natural gas sector. The Company's principal activities consist of natural gas sales and trading, liquefied natural gas (LNG) trade and shipping, as well as the provision of other related services. In Belgium, Distrigas sells its gas to distribution companies, power producers groups and industrial customers. The Company holds participation in a number of companies, including Sofipar SA, Distri RE SA, Transfin SA, Finpipe GIE, Rhodigaz SAS, Interconnector Zeebrugge Terminal SCRL, Interconnector (UK) Ltd and Huberator SA. On October 30, 2008, Suez-Tractebel SA sold its majority shareholding in Distrigas NV to Eni Gas & Power Belgium SA.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 December 2008, Distrigas NV's total revenue increased 49% to EUR6.1B. Net income from continuing operations increased from EUR106.4M to EUR397.6M. Total revenue reflects increased in all business segment especially in Sales and Arbitrage as well as an increase in all geographic segments. Net income from continuing operations benefited from an increase in gross and operating margins.