Ren - Redes Energ?Ticas Nacionais, Sgps, S.A. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 14, 2021 at 09:27 am EDT
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REN - Redes Energ?ticas Nacionais, SGPS, S.A. Announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was EUR 176.523 million compared to EUR 172.854 million a year ago. Operating income was EUR 54.485 million compared to EUR 58.969 million a year ago. Net income was EUR 4.491 million compared to EUR 4.302 million a year ago. Basic earnings per share from continuing operations was EUR 0.01 compared to EUR 0.01 a year ago.
REN - Redes Energéticas Nacionais, SGPS, S.A. specializes in the operation and concession management of the Portuguese electricity transportation network. Net sales break down by activity sector as follows:
- electricity (63.7%): transportation of electricity from producers to end distributors and consumers, management of the electricity transportation network (connecting user installations to the network, maintenance of the network, etc.). At the end of 2022, the network has a total of 9,424 Km;
- gas (34.8%): transportation of natural gas from producers to end distributors and industrial consumers, underground storage of natural gas, receiving, storage, and regasification of liquid natural gas (LNG), infrastructure construction and maintenance services, etc.;
- telecommunications (1.3%);
- other (0.2%).
REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A. 
