Thu May 3, 2007 7:14 AM BST
LONDON, May 3 (Reuters) – Royal Dutch Shell Plc beat forecasts to report a 14 percent rise in net profit on Thursday.
Shell said in a statement its current cost of supply net profit, which strips out changes in the value of inventories, was $6.932 billion.
Excluding non-operating items which amounted to a net gain of $371 million, the result was $6.56 billion.
A Reuters poll of 13 analysts last week gave an average forecast of $5.57 billion for Shell’s first-quarter current cost of supply (CCS) net income, excluding non-operating items, down from $5.98 billion in the same period last year.
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