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)

Copyright (c) 2018 Dow Jones & Company, Inc.
Enel (BIT:ENEL)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Enel.
Enel (BIT:ENEL)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Enel.