ZURICH (Dow Jones)--Swiss energy company Elektrizitaets-Gesellschaft Laufenburg AG, or EGL (EGL.EB), Wednesday reported an 82% jump in net profit for the fiscal year which ended in September.
The company said the figure, which includes minority interests, was spurred by the sale of the company's stake in Electricite de Strasbourg as well as the release of provisions.
EGL didn't provide a net profit figure attributable to shareholders.
EGL, which is part of the Axpo Group -Switzerland's largest energy company -said it will pay an unchanged dividend of CHF18 per share and would use part of its cash for new investments.
"The main areas of (our investment) focus will be on commissioning the Rizziconi and Ferrara gas-fired combined-cycle power plants in Italy, further development of the Trans Adriatic Pipeline project, and other forward-looking, asset-related projects", the company said.
EGL added that it expects energy markets to remain challenging next year.