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Share Name Share Symbol Market Type
EDP Energias DE Portugal SA EU:EDP Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.039 -0.86% 4.497 4.48 4.522 4.549 4.428 4.501 8,835,618 16:40:00

EDP 3Q Net Profit Drops on Brazilian Operations, Taxes

06/11/2012 5:50pm

Dow Jones News


EDP Energias DE Portugal (EU:EDP)
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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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