By Sarah Sloat

Portuguese power company EDP SA said Thursday that its net profit in the first quarter jumped as results in the same period a year ago were hit by low hydro production.

First-quarter net profit rose to 146 million euros ($157.9 million) from EUR100 million. Excluding extraordinary items, recurring after-tax profit was EUR252 million. Earnings after tax, interest, depreciation and amortization was EUR980 million, an increase of about 6%, the company said.

EDP said the coronavirus-related lockdown had a small impact on the first quarter, but didn't provide details.

Write to Sarah Sloat at sarah.sloat@wsj.com

(END) Dow Jones Newswires

May 07, 2020 12:29 ET (16:29 GMT)

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