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Home » Finance » EDP Reports 75% Increase in First-Half Net Profit, Surpassing Expectations
Finance

EDP Reports 75% Increase in First-Half Net Profit, Surpassing Expectations

By Michael CarterJuly 31, 20242 Mins Read
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Credit: EDP Renovaveis.
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Portugal's largest utility, EDP (EDP.LS), reported a 75% increase in net profit for the first half of the year, driven by capital gains in its renewables subsidiary and earnings from its Brazilian unit following a successful full takeover. Net income for the period reached €762 million ($824 million), surpassing the analyst forecast of €738 million.

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