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IBDRY Iberdrola SA (PK)

49.89
-0.05 (-0.10%)
02 May 2024 - Closed
Delayed by 15 minutes
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

Iberdrola 1st Half Net Profit Fell

21/07/2021 8:11am

Dow Jones News


Iberdrola (PK) (USOTC:IBDRY)
Historical Stock Chart


From May 2021 to May 2024

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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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