MADRID (Reuters) -Europe's largest utility Iberdrola launched on Wednesday a 5 billion euro ($5.87 billion) share capital increase. Separately, it said first-half net profit declined 14% from a year
Iberdrola Initiates €5 Billion Capital Increase to Boost Growth
MADRID (Reuters) -Europe's largest utility Iberdrola launched on Wednesday a 5 billion euro ($5.87 billion) share capital increase.
Separately, it said first-half net profit declined 14% from a year earlier, when results included the sale of gas assets in Mexico.
Net profit for the period was 3.56 billion euros ($4.18 billion) compared to 4.1 billion euros a year earlier.
Excluding one-offs, profit was up 20%, it said.
($1 = 0.8523 euros)
(Reporting by Pietro Lombardi, editing by Inti Landauro)
