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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

Portugal's EDP Fourth-Quarter Net Profit Drops on Costs

05/03/2013 5:54pm

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 its fourth-quarter net profit fell 28% on the year, as higher costs offset a better performance from the revenue side.

MAIN FACTS:

-- Net profit was down to 218 million euros ($284 million) in the fourth quarter from EUR301 million a year earlier. A Dow Jones Newswires poll of three analysts had estimated net profit of EUR213.7 million.

-- Earnings before interest, taxes, depreciation and amortization, or Ebitda, decreased to EUR886 million from EUR980.6 million.

-- Operating revenue rose to EUR4.25 billion from EUR3.96 billion, but was overshadowed by operating costs, which were up to EUR442.3 million from EUR373.4 million.

-- In 2012 as a whole, EDP's net profit slipped to EUR1.01 billion from EUR1.13 billion in 2011.

Write to Carla Canivete of Webtexto at Spain-Port@dowjones.com

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