November 6, 2012 / 5:02 PM / 5 years ago

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below