Enel Green Power SpA (EGPW.MI), one of world's
biggest renewable energy companies by market value, Wednesday said its
first-half net profit rose 22% on the year, in line with expectations,
thanks to higher revenue from new production.
Chief Executive Francesco Starace of Enel Green Power, which is controlled by Enel SpA (ENEL.MI), confirmed the 2013 targets.
MAIN FACTS:
-First-half net profit rose to 269 million euros ($357.8 million) from EUR221 million in the same period last year;
-Earnings before interest, taxes, depreciation and
amortization, or Ebitda, climbed to EUR972 million versus EUR803 million
in the January-June period of 2012;
-Revenue was EUR1.46 billion compared with EUR1.20 billion in the same period.
-Net debt rose to EUR5.67 billion at the end of June from EUR5.13 billion three months earlier.