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| Iberdrola announces results for first nine months of 2008 Spanish energy group Iberdrola said its net profit rose 54% to a record €2,481.3 million in the first nine months of 2008. The rise reflects solid performance of all businesses, especially international operations where ScottishPower Ebitda of €1,373.3 million made up 28% of the total, and also the renewables subsidiary which outperformed its own forecasts with a 373% rise in net profit to €230.8 million. Ebitda rose 29.1% to €4,922 million, of which 63% was contributed by renewable energy and international businesses, which in turn accounted for 90% of the increase in this item. Traditional business in Spain made up 37% of Ebitda (€1,817.4 million), compared to 99% in 2000. Sales rose 56.5% to €17,808 million, net operating profit (Ebit) by 31.5% to €3,316.7 million, net profit by 53.8% to €2,481.3 million and earnings per share by the same percentage. write your comments about the article :: © 2008 Construction News :: home page |