Spain's Iberdrola Renovables 9 mth EBIT 432 mln euros

MADRID, Oct 22 (Reuters) - Spain's Iberdrola Renovables reported operating profit (EBIT) of 432.4 million euros ($556 million) on Wednesday, a jump of 116 percent, after adding Scottish Power's wind business to its results.

The result on earnings before interest and tax compared to the 448 million forecast in a Reuters survey of seven analysts.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 114.6 percent to 768 million euros at the renewable energy arm of Spain's biggest power company Iberdrola compared to a forecast of 780 million.

Renovables, the world's largest onshore wind farm owner which listed in December, said net profit rose to 230.8 compared to 48.7 million the year before, and compared to a forecast of 237 million.

(Reporting by Ben Harding) ($1=.7779 Euro) Keywords: IBERDROLA RENOVABLES/ [e-mail] ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.