Naturgy First Quarter Profit Rises to 530 Million Euros

Spanish utility Naturgy reported a first-quarter net profit of 530 million euros on Wednesday. Higher energy prices helped the firm beat analyst expectations.

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NATURGY ENERGY GROUP SA reported a first-quarter net profit of 530 million euros ($620 million), rising 5% from the previous year. The result beat the 525 million euro median estimate from LSEG analysts as higher power generation and energy prices offset lower volumes.

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