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EDP reports higher profit, revenue in 2017

EDP - Energias de Portugal SA booked net profit of €765.4 million in 2017, up from €758.0 million in 2016.

Revenue for the electric utility came in at €2.71 billion during 2017, edging up from €2.61 billion in the previous year.

Net profit attributable to shareholders was €1.11 billion in 2017, up from €961 million in 2016.

Diluted earnings for the company were 31 cents per share in 2017, higher than 26 cents per share of the prior year, while revenue was €15.75 billion in 2017, up from €14.60 billion in the previous year.

EDP will propose a dividend of 19 cents per share for 2017, 3% higher than the dividend floor of 2016, expected to be payable in May.