Thursday, April 26, 2007

UPDATE 2-Iberdrola Q1 net beats forecasts, sees more growth

(Reuters) - MADRID, April 26 - Spanish power utility Iberdrola posted a forecast-beating 13.6 percent rise in first-quarter, net profit on Thursday and said it was on track to improve its full-year results by more than 10 percent.

Iberdrola said its net profit came in at 485.2 million euros , beating the 449 million euros forecast in a Reuters poll of 11 analysts, as international generation made up for a drop in demand and prices in Spain.


Read more at Reuters.com Mergers News

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