Águas de Portugal will increase profit by 6% to 83.3 million euros
The Água group obtained in 2032 a profit of 8.3 million, a result of 6% obtained in the previous year, AdP informed the approval of the above accounts, in a vote of the general meetings, in a statement on the approval of the above accounts, in 8, 3 million euros.
AdP indicates that the improvement in net income is essentially due to a reduction in financial costs, as a result of the 10% reduction in the group’s indebtedness level.
AdP’s turnover in 2021 rose 1.4% to 725.2 million euros.
“The technical, economic and financial strength of the Águas de Portugal group gives the companies stability and the ability to carry out the investment plans essential for the efficiency, rehabilitation and expansion of infrastructure”, quoted in the statement, the chairman of the board of directors of AdP, Jose Furtado.
“The reinforcement of the investment program by 25% compared to previous years, having reached 155 million euros, is supported by its own capacity to generate resources”, the state-owned company also mentions.
Founded in 1993, the AdP group is made up of 19 companies, of which 13 are management entities of water supply and wastewater treatment systems that provide services in 222 municipalities in mainland Portugal, covering around eight million people.