Enel Raises Guidance After Surge in Profit

Enel upgraded its guidance for the year after profit more than doubled in the first nine months.

The Rome-based energy company on Tuesday reported a net profit of €4.25 billion ($4.56 billion), up from €1.76 billion in the first nine months of last year. On an adjusted basis, net profit—or net ordinary income—climbed 65% to €5.03 billion.

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