Iberdrola Raises Earnings Outlook After 1st Half Profit Rise
July 24 2019 - 3:02AM
Dow Jones News
By Max Bernhard
Iberdrola SA (IBE.MC) said Wednesday that first-half net profit
rose significantly and raised its outlook for the year ahead.
The Spanish utility said profit for period rose by 17% to 1.64
billion euros ($1.83 billion) from EUR1.41 billion a year earlier.
Revenue increased by 3.9% to EUR18.28 billion.
Based on the solid performance, Iberdrola now expects
double-digit growth in its earnings, it said.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
July 24, 2019 02:47 ET (06:47 GMT)
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