BILBAO (dpa-AFX) - Spanish utility Iberdrola SA's (IBDSF.PK) first-quarter net earnings rose 0.7% to 1.02 billion euros with Ebitda up 4.1% at 2.365 billion euros, driven by international growth and despite a decline in Spain where recent regulatory decisions have had a negative effect.
Revenues climbed 10% in the period to 9.33 billion euros and gross margin by 4.1%.
In addition, the company expects to at least maintain dividends for 2012 at the 2011 level of 0.326 euros per share gross, also planning to introduce a new edition of its Iberdrola Flexible Dividend scrip dividend programme, both for the final 2011 dividend in July and also the 2012 interim dividend expected in December or January 2013.
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