EDP 4Q Net Profit Fell
18 February 2022 - 4:46AM
Dow Jones News
By Kim Richters
EDP-Energias de Portugal SA said Thursday that fourth-quarter
net profit declined despite rising revenue.
The Portuguese energy company said quarterly net profit was 146
million euros ($166.1 million) compared with EUR378 million a year
earlier and earnings before interest, taxes, depreciation and
amortization fell to EUR1.22 billion from EUR1.33 billion.
Revenue from energy sales, services and other for the quarter
rose to EUR4.98 billion from EUR3.39 billion.
The company said profit in 2021 was hit by non-recurring effects
of EUR169 million and its performance was negatively affected by an
increase in energy prices in the wholesale market as well as hydro
resources below average in Iberia.
EDP proposed a 2021 dividend of EUR0.19 a share, which it said
is in line with the payout a year earlier.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
February 17, 2022 12:31 ET (17:31 GMT)
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