Italy's Iren ups dividend after rise in 2023 core earnings

Iren S.p.A.

28/03/2024 11:53

MILAN, March 28 (Reuters) - Italian multi-utility Iren
 IREE.MI  said on Thursday its core earnings were up 13.5% last
year mainly driven by a recovery in its hydroelectric production
and a rise in power prices.
    Earnings before interest, taxes, depreciation and
amortisation (EBITDA) reached 1.2 billion euros ($1.3 billion)
in 2023.
    The group pledged to pay a dividend of 0.1188 euros per
share, up 8% compared with the previous year. Investments rose
to nearly 1 billion euros.    

($1 = 0.9271 euros)

 (Reporting by Francesca Landini, editing by Alvise Armellini)
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