Italian regional utility A2A SpA (A2A.MI) Thursday reported a 2.9% drop in earnings before interest, taxes, depreciation and amortization, or Ebitda, attributing the drop to a comparison with EUR290 million in revenue from asset sales that had bolstered the bottom line in 2010.

A2A is one of the largest shareholders of Edison SpA (EDN.MI).

It said it sees 2011 Ebitda falling 5%-10% from 2010 because of one-time gains in 2010.

A2A's Ebitda was EUR659 million in the first nine months of 2011, compared with EUR679 million for the same period a year earlier.

Net profit fell to EUR114 million from EUR436 million.

-By Jennifer Clark, Dow Jones Newswires; 39 02 5821 9904; jennifer.clark@dowjones.com

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