Neoenergia has net profit of $184 mm

The power company Neoenergia recorded net income of R$ 996 million ($184 mm) in the fourth quarter of 2020, up 61% compared with the same period last year, the company, controlled by Spain’s Iberdrola, said on Tuesday. In its balance sheet, the company highlighted the recovery of the energy market after the strong impact caused by restrictive measures related to the Covid-19 pandemic.

Source: Money Times