Naturgy 1st Half Net Profit Rose
July 28 2021 - 3:17AM
Dow Jones News
By Giulia Petroni
Naturgy Energy Group SA on Wednesday said that net profit rose
in the first half of the year as results benefited from gradual
improvements in economic sentiment and a recovery of commodity
prices globally.
The Spanish utility reported a net profit of 484 million euros
($571.5 million) in the period compared with EUR334 million a year
earlier.
Earnings before interest, taxes, depreciation and amortization
came in at EUR1.68 billion from EUR1.74 billion the previous
year.
Sales rose 17% on year to EUR9.13 billion, mainly driven by
higher demand and energy prices in the period, the company
said.
Naturgy added that it will present its new strategic plan for
the 2021-25 period later on Wednesday.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 28, 2021 03:11 ET (07:11 GMT)
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