Spanish utility Endesa SA reported a substantial decline in net ordinary profit for the first quarter of 2024, with profits plummeting by 50.8% year-on-year to EUR 292 million (USD 313.8m). This decrease marks a continuation of stagnation attributed to Spain’s 1.2% windfall tax on energy revenues. According to Endesa’s statement on Wednesday, the January-March quarter … Continue reading Endesa’s First Quarter Profits Drop 50.8% Amid Windfall Tax Impact and Plunging Power Prices