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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Energias De Portugal SA (PK) | USOTC:EDPFY | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.99 | -2.56% | 37.70 | 37.14 | 38.47 | 38.02 | 37.57 | 37.71 | 44,224 | 21:02:54 |
From May 2019 to May 2024
By Nathan Allen
EDP-Energias de Portugal SA (EDP.LB) said Thursday that first-quarter earnings fell nearly 40%, dragged down by a higher overall tax rate and unfavorable currency swings.
The Portuguese utility said net profit slipped to 100 million euros ($111.9 million) from EUR166 million a year earlier.
However, earnings before interest, taxes, depreciation and amortization rose to EUR921 million from EUR893 million, exceeding a FactSet-compiled consensus of EUR892.9 million.
EDP's electricity-distribution and energy-management businesses drove the higher Ebitda.
Revenue dropped to EUR3.74 billion from EUR4.03 billion, the company said.
EDP's shareholders recently blocked a EUR9.07 billion takeover bid by the company's top investor China Three Gorges Corp., which was unpopular with regulators and EDP's board.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
May 17, 2019 01:32 ET (05:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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