Zenith Energy records record profitability for the Italian energy business

Zenith Energy records record profitability for the Italian energy business

The energy company said its Torrente Cigno concession generated 1,020 megawatt hours of power in December, a record high for the year.

Zenith Energy Ltd. said Tuesday that its power-generation business in Italy achieved record profitability.

Highlights

  • Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

  • In addition, high electricity prices resulted in net revenue of around 269,000 euros ($303,930) a month. Production costs remain fixed at EUR35,000, Zenith said.