(Reuters) - British power generator Drax Group Plc (L:DRX) on Wednesday reported a jump in adjusted core earnings for the first half, partly boosted by its purchase of gas, hydro and pumped storage power plants from Spain's Iberdrola SA (MC:IBE).
Drax's adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the six months ended June 30 rose 35.3% to 138 million pounds, including 36 million pounds from the new assets.