Compañía Española de Petróleos SA reported IFRS earnings results for the second quarter and six months of the year 2012. The company posted an IFRS net income, using the average cost method of accounting, of EUR 328.7 million in the first half of 2012, down 17% from the EUR 396.2 million recorded in the same period of 2011.

The net income for second quarter 2012 stood at EUR 124 million, sliding 39% from the preceding quarter.