Iberdrola exceeds expectations with strong first half profit

Iberdrola (IBEX 35:IBE) has announced a net profit for the first half of 2012 as it climbed 15.2 per cent.

The results are down to strong international operations, which helped offset weakness in its home market.

Net profit for the six months through June was $2.18bn compared with $1.89bn in the first half of 2011.

Fox News reports that the results were above analysts' expectations. Total sales rose 9.3 per cent to $20.5bn.

For more power business news




Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...