By Max Bernhard 
 

Iberdrola SA (IBE.MC) said Wednesday that first-half net profit rose significantly and raised its outlook for the year ahead.

The Spanish utility said profit for period rose by 17% to 1.64 billion euros ($1.83 billion) from EUR1.41 billion a year earlier. Revenue increased by 3.9% to EUR18.28 billion.

Based on the solid performance, Iberdrola now expects double-digit growth in its earnings, it said.

 

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

July 24, 2019 02:47 ET (06:47 GMT)

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