Italy’s Snam confirms goals after net profit beats guidance

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Net profit came in at 1.16 billion euros ($1.23 billion), down 4.5% versus 2021 but higher than its 1.13 billion euro guidance.

Investments amounted to 1.93 billion euros last year, up more than 50% due to the acquisitions of two new liquefied natural gas (LNG) terminals and improvements in gas storage.

($1 = 0.9435 euros)

(Reporting by Francesca Landini, editing by Gavin Jones)

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