Endesa 9-Month Net Profit, Earnings Rose
November 04 2020 - 12:40PM
Dow Jones News
By Giulia Petroni
Endesa SA said Wednesday that net profit and earnings rose in
the first nine months of the year.
The Spanish utility company reported a net profit of 1.51
billion euros ($1.77 billion) for the period compared with EUR176
million a year earlier, when it booked an impairment charge in
relation to mainland coal-fired thermal power plants.
Earnings before interest, taxes, depreciation and amortization
rose to EUR3.14 billion from EUR2.90 billion.
Sales came in at EUR12.31 billion, down from EUR14.29 billion in
the previous year period.
Endesa said it isn't able to make a precise estimate of the
potential impact of coronavirus on its business during the next few
months as the situation remains uncertain.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
November 04, 2020 12:25 ET (17:25 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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