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| Iberdrola net profit totalled €2,860.6 mln in 2008 Spanish power firm Iberdrola said it saw net profit rise 21.3% over the previous year to €2, 860.6 million, and earnings per share by the same amount to €0.57. These results, the best in the history of the company, follow the integrations of ScottishPower in April 2007 and Energy East in September 2008, which have helped it become the world's 5th largest power company and the third largest in Spain's IBEX-35 share index by market capitalization. The group has accumulated €8 billion in liquidity, enough to cover its financial requirements for nearly two years. Ebitda rose 15.8% to €6,412.4 million, of which more than half (57%) was contributed by renewable energy and international businesses. Traditional activity in Spain accounted for 37% of Ebitda (€2,372.5 million), against 99% in the year 2000. Sales rose 44.2% to €25, 196.1 million); net operating profit (Ebit) rose 15.3% to €4, 261.5 million and gross margin increased 20.6% to €10, 000.5 million. write your comments about the article :: © 2009 Construction News :: home page |