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Home » Finance » Portugal’s EDP Reports 83% Surge in Nine-Month Net Profit, Fueled by Increased Hydroelectric Production and Brazilian Unit Takeover
Finance

Portugal’s EDP Reports 83% Surge in Nine-Month Net Profit, Fueled by Increased Hydroelectric Production and Brazilian Unit Takeover

By Willow SnyderNovember 3, 20232 Mins Read
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Portugal's largest utility, EDP (Energias de Portugal), revealed an impressive 83% surge in net profit for the first nine months of the year. This substantial growth was attributed to higher hydroelectric production in the Iberian region and increased earnings following a successful full takeover of its Brazilian subsidiary. EDP disclosed that its consolidated net income

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