Thursday, May 12, 2016

The operating result of Acciona low to March – Investing.com Spain

MADRID (Reuters) – Acciona (MC :) said Thursday that its gross operating profit (EBITDA) fell one percent to 277 million euros due to lower contribution from its core business energy, affected by a bearish environment in production wholesale prices.

However, its net profit rose 17.4 percent to 49 million euros, as the consolidation of water concession Catalan ATLL partly offset the drop in electricity prices in Spain.

analysts polled by Reuters had expected on average ebitda of 281 million euros and a net profit of 33 million.

the directors of Acciona explain the accounts in a conference call at 12 am

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