Endesa's net profit drops 40% on absence of year-earlier gains

Article Abstract:

First-quarter net profit for electric utility Endesa S.A. fell 40% to $858 mil in comparison to last year's figures, which were boosted by Endesa's sale of its 5% stake in Grupo Auna S.A., a telecommunications firm. Sales fell 8.2% due to lower electricity prices and decreased generation by its European operations.

Financial report

---

Endesa's earnings jump 88%; holders to decide on rival bids

Article Abstract:

Endesa S.A. of Spain posted a soaring 88 percent increase in net profit for the first quarter to 1.05 billion Euros ($1.34 billion) from 560 million Euros last year. The electric utility is considering two rival acquisition bids.

Company overview

---

Acciona targets fast-growth markets in renewable energy; firm fuels expansion with major ventures using wind, biodiesel

Article Abstract:

Spanish firm Acciona S.A. is entering the renewable energy market with both wind turbines and biodiesel production. Acciona's energy division has contributed significantly to the company's overall earnings.

Strategy & planning, Planning, Energy industries, Wind power plants, Energy industry, Wind power, Company business planning, Biodiesel fuels, Acciona S.A.

Similar abstracts:

• Abstracts: Air France-KLM talks with Alitalia: merger appears remote; net profit tumbles 48% after year-earlier gains. Finmeccanica's profit falls 32%
• Abstracts: Burberry posts 4.9% profit drop on 4% rise in sales for the year. Burberry revenue rose 6% in second half of its year
• Abstracts: Euronext net profit increases by 8.7 percent on higher volumes. OMX net jumps 80% on strength in equity, derivatives volumes
• Abstracts: Schering-Plough tries to deal its way to top. Novartis's net drops 45%, hit by generics
• Abstracts: InBev's earnings surge, led by emerging markets. InBev's net profit rises 22% on growth in Latin America

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.