By Pietro Lombardi 
 

Enel SpA (ENEL.MI) confirmed its targets for the year after first-half net profit rose 9.7% supported by growing revenue.

Net profit for the period was 2.22 billion euros ($2.47 billion) compared with EUR2.02 billion a year earlier, the Rome-based energy company said Thursday.

Revenue rose 8.2% to EUR38.99 billion.

Earnings before interest, taxes, depreciation and amortization grew roughly 13%.

"Networks and renewables are once again confirmed as Enel's drivers of growth, fueled by a 33% increase in development capex versus last year," Chief Executive Francesco Starace said.

The company confirmed its 2019 targets and is confident it will reach its medium-term goals.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

August 01, 2019 12:13 ET (16:13 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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