EDP 3Q Net Profit Drops on Brazilian Operations, Taxes
06 Novembro 2012 - 3:50PM
Dow Jones News
LISBON--Portuguese energy company Energias de Portugal SA
(EDP.LB) said Tuesday third-quarter net profit fell slightly
because of lower contributions from operations in Brazil and higher
income taxes.
MAIN FACTS:
-Net profit decreased slightly to 212.8 million euros ($272.4
million) in the third quarter from EUR215 million a year earlier. A
Dow Jones Newswires poll of three analysts estimated a net profit
of EUR181.8 million for the period.
-Earnings before interest, taxes, depreciation and amortization,
or Ebitda, increased to EUR857.3 million from EUR829.8 million a
year earlier.
-Ebitda from Brazilian operations fell 39% to EUR99.4
million.
-Income taxes soared to EUR114.2 million from EUR21.7 million a
year ago.
Write to Carla Canivete of Webtexto at djmadrid@dowjones.com
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