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ENEL Enel Spa

6.25
0.008 (0.13%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Enel Spa BIT:ENEL Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.008 0.13% 6.25 6.24 6.30 6.327 6.228 6.281 22,061,520 17:00:00

Endesa 2019 Net Profit Plunged After Impairment

25/02/2020 8:33am

Dow Jones News


Enel (BIT:ENEL)
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From May 2019 to May 2024

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By Mauro Orru

 

Endesa SA said Tuesday that its net profit for 2019 plunged 87.9% from the previous year as an impairment charge took its toll.

The Spanish utility company--part of Enel SpA--reported net profit of 171 million euros ($185.3 million) for the year down from EUR1.42 billion the previous year, citing an impairment of EUR1.11 billion in relation to mainland coal-fired thermal generation assets and EUR304 million for cash-generating units in non-mainland territories.

Revenue fell 0.2% to EUR20.16 billion for the same period, lower than the EUR20.68 billion analysts expected, according to FactSet.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

February 25, 2020 03:18 ET (08:18 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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