Energias do Brasil: profit rises 40.2% in the fourth quarter of 2020

Energias do Brasil, controlled by the Portuguese EDP, recorded net profit 40.2% higher in the fourth quarter of 2020 compared to the same period of 2019, shows document sent to the market last Friday. The company calculated a profit of R$ 700 million ($129 mm) in the period. Accumulated in the year, the company saw its financial result rise 12.7%, adding R$ 1.5 billion ($277 mm).

Source: Money Times