Photo: Image courtesy of Endesa

Endesa’s H1 profit up

Endesa's H1 profit up
Image courtesy of Endesa

Spanish power sector major Endesa reported an increase in profit for the first half of the year of 15 percent. 

The company said on Tuesday its profit for the first six months of 2018 reached 752 million euros ($878.6 million), compared to the 653 million euros reported in the corresponding period last year.

The company noted the increase comes on the back of the increase in electricity demand that rose 1.2 percent during the period under review, compared to the last year.

Endesa’s gas sales in the deregulated market, where the company counts 1,562,200 customers, edged up 2.3 percent, selling 43,344 GWh.

Revenue from gas sales totaled 1.3 billion euros in the first half of 2018, 7.6 percent up on the figure for the first half of 2017.

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