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Portugal s REN first quarter profit rises 4% on lower taxes, charges

By Reuters Staff 2 Min Read LISBON, May 14 (Reuters) - Portuguese power grids operator REN posted on Friday a 4% rise in net profit for the first three months of 2021 to 4.5 million euros ($5.45 million) on lower taxes and financial charges. REN, whose main shareholder is China’s State Grid Corp, said its financial charges dropped 21% to 10.8 million euros from a year ago, while the income tax decreased 7.4% to 11.9 million euros and an extraordinary tax on the energy sector also fell by 3.8% to 28.1 million euros. REN, which owns high-voltage electricity and high-pressure natural gas transmission grids in Portugal, said in a statement its total revenue increased 3.5% to 176.3 million euros.

Electricity customers pay excessive costs for nuclear power – Egypt, Turkey, UK, France, Russia

Electricity customers pay excessive costs for nuclear power – Egypt, Turkey, UK, France, Russia
nuclear-news.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nuclear-news.net Daily Mail and Mail on Sunday newspapers.

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