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Repsol posts fourth-quarter loss on YPF impairment charge

Spanish oil major Repsol on Tuesday reported a net loss of 1.028 billion euros ($1.4 billion) in the fourth quarter after writing down the value of energy assets seized by the Argentine government two years ago.The results publication came a day ahead of schedule and followed approval by Repsol's board of a $5 billion settlement from Argentina over its 2012 expropriation of Repsol's majority stake in energy company YPF .Repsol said CCS net, which takes into account changes in the value of inventories (CCS), compared with a fourth quarter net profit of 342 million euros a year earlier.Excluding one-off items, the company posted a CCS net profit of 251 million euros in the fourth quarter, down 51.5 percent from a year earlier due to prolonged outages in Libya and weak refining margins.That figure topped an average Reuters poll forecast for 236 million euros. ($1 = 0.7282 euros)(Reporting by Tracy Rucinski, Editing by Sarah White)...

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