By Giulia Petroni

EDP Renovaveis SA said Wednesday that 2021 profit rose, mainly driven by higher capital gains, lower financials and a higher generation year-on-year.

The Portuguese renewable-energy company posted a net profit of 655 million euros ($742.7 million) for the period compared to EUR556 million a year earlier.

Earnings before interest, taxes, depreciation and amortization came in at EUR1.76 billion from EUR1.66 billion.

Revenue increased 2% on year to EUR1.76 billion as it benefited from additional capacity and a higher average selling price, the company said.

EDPR produced 30.3 terawatt hours of clean electricity in the period, up 6% on year, it said.

The company will propose a dividend of EUR0.09 a share at the annual shareholders' meeting.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

February 16, 2022 02:44 ET (07:44 GMT)

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