Iberdrola says first quarter profit up 16.2 percent

28th April 2010, Comments 0 comments

Spain's Iberdrola, the world's biggest wind-power generator, said Wednesday its first quarter net profit rose 16.2 percent to 921.7 million euros (1.22 billion dollars).

Analysts polled by Dow Jones Newswires had expected a net profit of 899 million euros.

The company said first quarter sales rose slightly to 7.68 billion euros from 7.64 billion euros, with operating profit up 11.6 percent to 2.17 billion euros.

© 2010 AFP

0 Comments To This Article