REN closed the first half with a profit of 75.3 million euros, 29.2% more than in the same period, driven by interlocking a tax credit of about ten million.
The company led by Rodrigo Costa saw net profit increase by 17 million, largely resulting from the acquisition of 9.9 million euros relating to a tax impairment which has now been recognized in the company’s accounts, even on the separation of assets between REN and EDP in 1994.
In a statement to the Portuguese Securities Market Commission (CMVM), REN further explained that the EBITDA (earnings before interest, taxes, assessments and amortization ) reached 254.3 million euros, up 0.8% on the same period in 2014, benefiting by EUR 20.1 million from the sale in the first quarter of the stake in Enagas, according to Lusa.
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