MADRID, July 22 (Reuters) - Spanish renewable energy giant
Iberdrola said on Wednesday it expects profit growth
this year despite taking a hit in the first half from the
strangling effect of the coronavirus outbreak on global
Powering more than 30 million homes and businesses in Spain,
the United States, Brazil and Britain, Iberdrola made 1.845
billion euros ($2.13 billion) in first-half reported net profit
and said it expected this metric to rise at a mid-high single
digit rate in 2020.
This was broadly in line with a 1.847 billion euros average
forecast drawn from 23 analysts surveyed by the company.
Iberdrola said the figure would have been 153 million euros
higher without the effects of COVID-19.
(Reporting by Isla Binnie
Editing by Jose Elias Rodriguez)