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Enel confirms targets after 2018 profits and dividends rise

Enel confirms targets after 2018 profits and dividends rise
FILE PHOTO: The new logo of Italy's biggest utility Enel is seen inside its flagship store in downtown Milan, Italy, May 4, 2018. REUTERS/Stefano Rellandini   -   Copyright  STEFANO RELLANDINI(Reuters)
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MILAN (Reuters) – Italy’s biggest utility Enel confirmed its targets for the year on Thursday after its ordinary net profit in 2018 rose 9.5 percent to broadly meet expectations.

The state-controlled utility, which gave preliminary results in February, said it would pay a dividend on last year’s results of 0.28 euros per share, 18 percent higher than the previous year.

(Reporting by Stephen Jewkes; editing by Agnieszka Flak)

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