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Portugal: Renewable energy company more than doubles its profit

Page created: Wednesday, 26 July 2017 14:37 GMT

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Tags:
CMVM   EDP   Total Debt

Lisbon, Jul. 26 (Lusa) – Portuguese renewable energy company EDP Renováveis more than doubled (128%) its profits in the first half of the year compared with the same period last year to €134 million it said on Wednesday.

 

It told the Portuguese Stock Exchange Commission (CMVM) that EBITDA was up 11% at €719 million, “as a result of greater output despite the increase in other operating costs, mainly related with increased operating capacity”.

 

At the end of June, EDP Renováveis had total debt of €3.13 billion, €375 million more than at the end of last year because of investments and the consolidation of the Mexican debt.

 

PL/ADB // ADB.

 

Lusa