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Italian gas grid operator Snam on Wednesday improved its guidance for full-year net profit after sales in the first half rose nearly 10% to 1.6 billion euros ($1.63 billion). The group said it had contributed to Italy's efforts to reduce its dependence from Russian energy by purchasing around 2 billion cubic metres of natural gas and acquiring two new floating storage and regasification units. Snam, which runs most of Italy's gas storage capacity, said the country's storage was 71% full as of July 25, on track to meet the government's winter target of 90%.
Dividend payouts are a vital part of the return that investors get from owning stocks over time. But with new economic, it has become difficult to assess wheth...
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