By Donato Paolo Mancini 
 

Enel SpA's (ENEL.MI) net profit rose on increasing sales, the company said Wednesday.

Net profit rose to 1.26 billion euros ($1.41 billion) in the period, compared with EUR1.17 billion in the year-earlier period, the Rome-based power company said.

Earnings before interest, taxes and depreciation increased rose 13% to EUR4.55 billion on revenues that climbed 10% to EUR20.9 billion.

"In the first quarter of 2019, we registered excellent results confirming the growth path that we are pursuing so far as well as the outstanding performance posted by all business lines," said Chief Executive Francesco Starace.

 

Write to Donato Paolo Mancini at donatopaolo.mancini@dowjones.com

 

(END) Dow Jones Newswires

May 08, 2019 12:10 ET (16:10 GMT)

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