iberdrola sees higher profits on renewable energy
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Iberdrola sees higher profits on renewable energy

Arab Today, arab today

Arab Today, arab today Iberdrola sees higher profits on renewable energy

Madrid - AFP

Spanish power giant Iberdrola reported Thursday first half profits up 6.6 percent at 1.56 billion euros ($2.24 billion) on a sound performance from its renewable energy sector. Sales rose 1.5 percent to 15.55 billion euros while Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) were up 4.4 percent to 4.0 billion euros. It noted two significant operations during the six-month period. In January, Iberdrola acquired Brazilian energy company Elektro from Britain's Ashmore Energy International for $2.4 billion (1.8 billion euros). In March, it announced it would absorb its renewable energy arm, Iberdrola Renovables, in which it already holds 80 percent. That deal, which increased its total capital, also allowed it to dilute the stake of its main shareholders, construction company ACS, with which it is in conflict. The renewable energy business showed a gross operating profit of 785.1 million euros in the first half, a rise of 11.1 percent. It generated 16.8 percent more power and accounted for 20.1 percent of total company energy output. "For the first time it exceeded that from nuclear plants (16.4 percent of the total) and hydro (14.4 percent)," it said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iberdrola sees higher profits on renewable energy iberdrola sees higher profits on renewable energy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iberdrola sees higher profits on renewable energy iberdrola sees higher profits on renewable energy

 



GMT 10:20 2016 Friday ,12 August

Syrian child refugees to Pope of new life in Rome

GMT 12:11 2017 Saturday ,08 April

Estée Lauder introduces Pure Color Love collection

GMT 19:02 2017 Wednesday ,18 October

Singer Sahar Sedky prepares for new artistic work

GMT 08:21 2018 Monday ,19 November

Russia expects new joint energy projects with Vietnam

GMT 19:32 2018 Sunday ,07 October

Deputy King Prince Salman meets HRH Premier
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday