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Enel 2018 core earnings rise by 3.8pct

Power News - Published on Mon, 11 Feb 2019

Image Source: Endesa.com
Reuters reported that Enel its core earnings last year rose 3.8 per cent, boosted by stronger margins in its renewable businesses in Italy, Spain and South America. In preliminary results, Italy's biggest utility said its ordinary earnings before interests, tax, depreciation and amortisation (EBITDA) were 16.2 billion euros (USD 18 billion), in line with its own targets.

Enel, which controls Spanish utility Endesa, said its net debt at the end of the year was 41.1 billion euros, up 9.9 per cent on the year.

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Posted By : Rabi Wangkhem on Mon, 11 Feb 2019
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