Italy's Acea posts 18% profit rise despite revenue fall

Acea SpA

25/07/2024 12:32

July 25 (Reuters) - Italian regional utility Acea
 ACE.MI  on Thursday reported an 18% rise in second-quarter
recurring net profit despite a fall in revenue.
    Its profit rose to 168 million euros ($182 million) helped
by growth in regulated businesses and better financial
management, the company said in a statement.
    Revenue fell 13% to 1.99 billion euros, it said.
    ($1 = 0.9217 euros)

 (Reporting by Alberto Chiumento; editing by Jason Neely)
 ((Alberto.chiumento@thomsonreuters.com))