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| Iberdrola Renovables records 2007 net profit of €117.5 million Iberdrola Renovables recorded a 2007 net profit of €117.5 million, down 38% on the previous year, and a gross operating profit (EBITDA) of €564 million, a rise of 1.3% on 2006. Revenues rose 37% to €953 million and EBIT declined 7.3% to €347 million. Results were adversely affected by a fall in wholesale prices in Spain and by lower wind power output during the fourth quarter in this country. write your comments about the article :: © 2008 Construction News :: home page |