Enel Q1 Core Profit Rises 3.6% to 6 Billion Euros
Enel reported a 3.6% rise in first-quarter ordinary core profit to 6 billion euros. The utility is defending its Sao Paulo power concession in Brazil.
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ENEL SPA reported a 3.6% increase in first-quarter ordinary EBITDA to 6 billion euros ($7.1 billion). The result met analyst expectations as growth in grid operations offset lower thermal generation and trading volumes. Investors are focused on a regulatory dispute in Brazil threatening a power concession valued at 3 billion euros.
