EDP's 9-month profit down slightly but beats forecast
LISBON Nov 6 (Reuters) - Portugal's largest company, EDP Energias de Portugal, posted a 3.5 percent drop in 9-month net profit on Tuesday, beating analysts' expectations but pressured by rising debt costs and lower electricity use in recession-hit Portugal and Spain.
The company said net profit fell to 795 million euros, above an average forecast of 775 million euros in a Reuters poll of analysts.
Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at 2.74 billion euros, above the market consensus, of 2.72 billion euros. (Reporting by Sergio Goncalves)
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