EDPFY Energias De Portugal SA (PK)

By Giulia Petroni

EDP-Energias de Portugal SA said late Wednesday that net profit rose while revenue fell in the fourth quarter of last year.

The Portuguese energy company reported quarterly net profit of 161 million euros ($171.3 million) compared with EUR146 million in the year-earlier period.

Earnings before interest, taxes, depreciation, and amortization increased to EUR1.48 billion from EUR1.22 billion, while EBIT came in at EUR703 million from EUR575 million the previous year.

Revenue from energy sales, services and other sources was EUR4.80 billion in the quarter, down from EUR4.98 billion in the fourth quarter of 2021.

EDP said it would propose a dividend of EUR0.19 a share for 2022 at the general shareholders meeting, in line with the previous year and its dividend policy for the 2021-25 period.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

March 02, 2023 02:29 ET (07:29 GMT)

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