Energias de Portugal 3Q Net Profit Increased; Decreased Over 9 Months
29 Outubro 2020 - 3:14PM
Dow Jones News
By Joshua Kirby
EDP-Energias de Portugal SA said Thursday that its net profit
increased in the third quarter year-on-year, but that year-to-date
net profit fell.
Net profit at the Portuguese utility was 108 million euros
($126.96 million) in the third quarter, compared with EUR55 million
a year earlier. Earnings before interest, taxes, depreciation and
amortization were EUR754 million in the quarter, roughly similar to
the prior year.
For the nine months until the end of September, net profit stood
at EUR422 million, down 8% from the same period of 2019. EDP said
the coronavirus pandemic had an impact of around EUR54 million on
net profit so far this year, largely as result of declining demand
for electricity in its markets in Portugal, Spain and Brazil.
Revenues from energy sales and services amounted to EUR2.88
billion in the third quarter, down from EUR3.34 billion the
previous year.
Write to Joshua Kirby at joshua.kirby@dowjones.com
(END) Dow Jones Newswires
October 29, 2020 13:59 ET (17:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Energias De Portugal (PK) (USOTC:EDPFY)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025
Energias De Portugal (PK) (USOTC:EDPFY)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025
Notícias em tempo-real sobre Energias De Portugal SA (PK) da OTCMarkets bolsa de valores: 0 artigos recentes
Mais Notícias de Energias De Portugal SA (PK)