EDP profit dips less than expected, Spain and Brazil weigh

jueves 30 de octubre de 2014 13:12 GYT
 

LISBON Oct 30 (Reuters) - Portugal's largest company, EDP-Energias de Portugal, on Thursday posted a 1 percent drop in nine-month net profit, weighed down by regulatory changes for renewable energy in Spain, a drought in Brazil and foreign exchange impact.

The utility said net profit totalled 786 million euros($992 million), compared with an average forecast of 770 million euros in a Reuters poll of analysts.

Earnings before interest, tax, depreciation and amortization (EBITDA) dropped 3 percent to 2.715 billion euros, largely in line with the market consensus. (1 US dollar = 0.7921 euro) (Reporting By Andrei Khalip)