Nov 10, 2014 - Italian renewable energy firm Enel Green Power (BIT:EGPW) on Friday said its net profit in the first nine months of 2014 amounted to EUR 395 million (USD 491m), down by 2.9% year-on-year.
Excluding the net result of discontinued operations, net profit grew by EUR 55 million from a year ago, the company noted.
Revenues climbed by 3.7% to EUR 2.08 billion in part thanks to the indemnity related to an offtake agreement with Japan’s Sharp Corp (TYO:6753) for the output of a joint thin-film production unit -- 3Sun Srl. There was also a slight rise in revenues from the Americas, which was offset by weaker revenues in Iberia following regulatory changes in Spain.
Results in EUR
Net financial debt
Net power output
Enel Green, part of Italian utility Enel (BIT:ENEL), operates hydro, wind, solar, biomass, geothermal and cogeneration power plants globally.