By Marc Bisbal Arias and Marc Navarro Gonzalez

Enel SpA (ENEL.MI) said Thursday that 2017 net profit rose 47% year-on-year and proposed a dividend of 0.237 euros per share ($0.29).

Net profit was EUR3.78 billion euros, compared with EUR2.57 billion the year-earlier period.

The dividend compares with EUR0.18 a share in 2016. Enel last year said the 2017 dividend would be at least EUR0.21 a share.

The company had already reported an increase in revenue and earnings before interest, taxes, depreciation and amortization in February, when it also backed its 2018 view.

Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com and Marc Navarro Gonzalez at marc.navarro@dowjones.com

(END) Dow Jones Newswires

March 22, 2018 13:09 ET (17:09 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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