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Name | Symbol | Market | Type |
---|---|---|---|
Iberdrola SA (PK) | USOTC:IBDRY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -0.10% | 49.89 | 49.27 | 49.93 | 49.89 | 49.44 | 49.62 | 25,940 | 21:05:29 |
By Giulia Petroni
Iberdrola SA said Wednesday that net profit fell in the first half of the year as results still suffer the hit from the coronavirus pandemic, but to a lesser extent.
The Spanish utility company said net profit came in at 1.53 billion euros ($1.80 billion) in the period compared with EUR1.88 billion for the same period a year earlier. On an adjusted basis, net profit was EUR1.84 billion.
Earnings before interest, taxes, depreciation and amortization increased to EUR5.44 billion, from EUR4.94 billion in the year-earlier period. While earnings felt the weight of reduced demand owing to Covid-19, they benefited from the reversal of the hydroelectric levy in Spain.
Revenue in the first half rose to EUR18.75 billion, from EUR16.47 billion for the same period a year ago.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 21, 2021 03:04 ET (07:04 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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