By Giulia Petroni 
 

Endesa SA said Tuesday that net profit and earnings rose in the first half of the year.

The Spanish utility company, which is part of Enel SpA, reported net profit of 1.13 billion euros ($1.33 billion) for the period ended June 30, up from EUR776 million a year earlier.

Earnings before interest, taxes, depreciation and amortization rose to EUR2.32 billion from EUR1.89 billion.

Revenue came in at EUR8.27 billion, down from EUR9.47 billion in the year-earlier period.

Endesa said it absorbed the majority of Covid-19-related effects in the first half of the year and it doesn't expect a further significant impact in the second half.

The company said it is fully committed to its 2020 targets.

 

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

 

(END) Dow Jones Newswires

July 28, 2020 02:35 ET (06:35 GMT)

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