ROME (dpa-AFX) - ENEL (ENLAY.PK, EN) Wednesday reported first-quarter net income of 1.28 billion euros, up 10.5% from 1.16 billion euros last year. On a per share basis, earnings were 0.12 euros, same as last year.
Revenues dropped 12.2% to 19.99 billion euros from 22.76 billion euros last year.
The change in revenues is mainly attributable to lower volumes of electricity sales in Italy and Spain as well as gas in Spain, to Thermal Generation and Trading in Italy, reflecting a decline in trading activities and the effects connected with the application of IFRIC interpretations.
Copyright RTT News/dpa-AFX
© 2020 AFX News
