Enel 1st Half Net Profit Rose on Lower Financial Expenses, Taxes
31 Julio 2018 - 11:33AM
Noticias Dow Jones
By Alberto Delclaux
Enel SpA (ENEL.MI) said Tuesday that first-half net profit rose,
boosted by decreases in both net financial expenses and taxes.
Net profit at the Rome, Italy-based energy company was 2.02
million euros ($2.36 million) compared with EUR1.85 billion in the
same period a year earlier and close to analysts' expectations of
EUR2.06 billion, according to FactSet.
Revenue fell slightly to EUR36.03 billion, weighed down by
exchange rates, Enel said.
Earnings before interest, taxes, depreciation and amortization
increased 2.3% to EUR7.86 billion, reflecting organic growth in
renewables, distribution tariff increases in Argentina and Spain,
as well as an improvement in margins in Spain and Romania,
according to the company.
The company confirmed its 2018 targets.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
July 31, 2018 12:18 ET (16:18 GMT)
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