Enel Backs 2019 Targets After 1st Half Net Profit Rose
01 Agosto 2019 - 11:28AM
Noticias Dow Jones
By Pietro Lombardi
Enel SpA (ENEL.MI) confirmed its targets for the year after
first-half net profit rose 9.7% supported by growing revenue.
Net profit for the period was 2.22 billion euros ($2.47 billion)
compared with EUR2.02 billion a year earlier, the Rome-based energy
company said Thursday.
Revenue rose 8.2% to EUR38.99 billion.
Earnings before interest, taxes, depreciation and amortization
grew roughly 13%.
"Networks and renewables are once again confirmed as Enel's
drivers of growth, fueled by a 33% increase in development capex
versus last year," Chief Executive Francesco Starace said.
The company confirmed its 2019 targets and is confident it will
reach its medium-term goals.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
August 01, 2019 12:13 ET (16:13 GMT)
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