By Cristina Roca

EDP Renovaveis SA said Thursday that its 2019 net profit and revenue rose, and increased its dividend.

The renewables company posted net profit of 475 million euros ($512.9 million) for the year, up strongly from EUR313 million in 2018.

Revenue rose 7% to EUR1.82 billion, EDPR said.

The company, which is a subsidiary of EDP-Energias de Portugal SA, proposed a dividend of EUR0.08 a share, up from EUR0.07 a share the year before.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

February 20, 2020 02:41 ET (07:41 GMT)

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