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EDP EDP Energias DE Portugal SA

3.731
0.051 (1.39%)
31 May 2024 - Closed
Delayed by 15 minutes
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
  0.051 1.39% 3.731 3.662 3.745 3.741 3.674 3.68 15,495,699 16:40:00

EDP Second-Quarter Net Profit Falls On Higher Finance Costs

26/07/2012 5:39pm

Dow Jones News


EDP Energias DE Portugal (EU:EDP)
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From Jun 2019 to Jun 2024

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LISBON--Portuguese power utility Energias de Portugal SA (EDP.LB) Thursday said its second-quarter net profit fell 8.2% because higher finance costs.

MAIN FACTS:

-Second quarter net profit dropped to 244.5 million euros ($298 million) from EUR266.3 million a year earlier. Four analysts polled by Dow Jones Newswires had forecast an average net profit of EUR238.5 million.

-Earnings before interest, taxes, depreciation and amortization fell to EUR881.6 million from EUR914.4 million in the second quarter of last year.

-Finance costs rose to EUR186.2 million from EUR154.8 million.

-EDP said in a separate statement it secured a EUR1 billion, five-year loan from China Development Bank. The deal is part of a strategic partnership signed between EDP and China Three Gorges Corporation in December.

Write to Madrid bureau at djmadrid@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year EDP Energias DE Portugal Chart

1 Year EDP Energias DE Portugal Chart

1 Month EDP Energias DE Portugal Chart

1 Month EDP Energias DE Portugal Chart