Italy's Hera first-half net profit jumps 16%

Hera SpA

31/07/2024 12:20

July 31 (Reuters) - Italian regional utility Hera
 HRA.MI  posted on Wednesday a 16% rise in first-half net profit
to 218.4 million euros ($236.53 million) in a reduced volatility
scenario for energy commodity prices.
    Hera's half-year earnings before interest, tax, depreciation
and amortisation came in at 732.7 million euros, up 2%
year-on-year driven by all core businesses such as integrated
water cycle, waste management, energy sales and distribution.   
    The Bologna-based utility reported a 33% fall in revenue to
5.54 billion euros due to lower energy prices and lower values
in trading activities.

($1 = 0.9234 euros)

 (Reporting by Romolo Tosiani; Editing by Louise Heavens)
 ((Romolo.Tosiani@tr.com;))