EDPR Net Profit Jumped in 2019

Date : 02/20/2020 @ 7:56AM
Source : Dow Jones News
Stock : Energias De Portugal SA (PK) (EDPFY)
Quote : 38.791  0.301 (0.78%) @ 7:52PM

EDPR Net Profit Jumped in 2019

Energias De Portugal (PK) (USOTC:EDPFY)
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By Cristina Roca

 

EDP Renovaveis SA said Thursday that its 2019 net profit and revenue rose, and increased its dividend.

The renewables company posted net profit of 475 million euros ($512.9 million) for the year, up strongly from EUR313 million in 2018.

Revenue rose 7% to EUR1.82 billion, EDPR said.

The company, which is a subsidiary of EDP-Energias de Portugal SA, proposed a dividend of EUR0.08 a share, up from EUR0.07 a share the year before.

 

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

 

(END) Dow Jones Newswires

February 20, 2020 02:41 ET (07:41 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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