Enel 1Q Profit Rises 19%
09 Mayo 2018 - 11:20AM
Noticias Dow Jones
By Max Bernhard
Enel SpA (ENEL.MI) said Wednesday that net profit rose 19% in
the first quarter, boosted by its renewables and networks
businesses.
Net profit jumped to 1.17 billion euros ($1.39 billion) in the
period, compared with EUR983 million the year-earlier period, the
Rome-based power company said.
Earnings before interest and taxes increased 0.5% to EUR2.54
billion in the quarter, while revenue edged 2.2% lower to EUR18.95
billion, mostly due to exchange-rate effects, it said.
"The results achieved and progress delivered so far in the
implementation of our 2018-20 Strategic Plan allow us to confirm
our financial targets for 2018," said Chief Executive Francesco
Starace.
Write to Max Bernhard at Max.Bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
May 09, 2018 12:05 ET (16:05 GMT)
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