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Home » Finance » EDP Posts 14% Profit Rise on Strong Iberian Hydropower and Brazil Expansion
Finance

EDP Posts 14% Profit Rise on Strong Iberian Hydropower and Brazil Expansion

By Benjamin DavisNovember 8, 20241 Min Read
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Credit: EDP Renovaveis.
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Portugal’s largest utility, EDP, reported a solid 14% increase in nine-month net consolidated profit, reaching €1.08 billion ($1.17 billion) and surpassing analysts’ expectations of €993 million. The utility’s performance was boosted by increased hydroelectric production in Iberia due to strong rainfall, along with additional revenue from its Brazilian unit following a full acquisition. Although capital

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