Iberdrola 9-month profit in line with expectations

MADRID Wed Oct 24, 2012 2:32am EDT

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MADRID Oct 24 (Reuters) - Spanish power company Iberdrola reported 9 month net profit of 2.4 billion euros ($3.1 billion) on Wednesday, in line with analysts' expectations.

The utility, due to unveil a two-year strategic plan to investors in London later today, reported earnings before interest, tax, depreciation and amortisation (EBITDA) of 5.8 billion euros, also in line with expectations.