Enel looks to Russian electricity sector

Article Abstract:

ENEL S.p.A. of Italy is planning to grow the international market by investing 2 billion Euros ($2.5 billion) to 4 billion Euros ($5 billion) in Russia. The electricity utility giant posted gross earnings increase by 3.8 percent in the first half to 4.36 billion Euros from 4.2 billion Euros last year.

Russia, Company overview

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Enel's net climbs 12%, propelled by cost cuts, international units

Article Abstract:

First-quarter net profit for electric utility firm ENEL S.p.A. rose by 12% to reach 943 mil euros; however, revenue dropped 5.1% to 9.73 bil euros. Enel is currently bidding with Acciona S.A. for Endesa S.A., a Spanish utility company, in a deal totaling in excess of 43 bil euros.

Financial report

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Enel's net falls but firm plans to boost dividend

Article Abstract:

ENEL S.p.A. of Italy has posted a 17 percent decrease in first half net profit to 2.01 billion Euros yet, the large electric utilities company raised its dividend forecast. ENEL S.p.A. has $14.9 billion to $17.4 billion possibly marked for acquistion activity in Europe.

Company Profile

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