Iberdrola Raises Earnings Outlook After 1st Half Profit Rise

Date : 07/24/2019 @ 8:02AM
Source : Dow Jones News
Stock : Iberdrola S.a. (PC) (IBDRY)
Quote : 40.35  -0.49 (-1.20%) @ 9:13PM

Iberdrola Raises Earnings Outlook After 1st Half Profit Rise

Iberdrola S.a. (PC) (USOTC:IBDRY)
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   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)

Copyright (c) 2019 Dow Jones & Company, Inc.

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