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Recovery during Q3 narrows EDP's 9-month net profit difference YOY

Oct 30, 2020 - SNL Energy Finance Daily

EDP - Energias de Portugal reported net profit attributable to EDP equity holders for the first nine months of 422 million.

EDP - Energias de Portugal SA on Oct. 29 reported net profit attributable to EDP equity holders for the first nine months of 422 million, down 8% from 460 million in the same period of 2019.

The company attributed the decrease to falling electricity prices and demand, mainly triggered by the coronavirus pandemic. The difference narrowed due to recovery in the...