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Verbund AG (VER), Austria’s largest utility, said first-quarter net income rose 10 percent to 119.5 million euros from 108.5 million euros a year earlier.
It was expected to report a profit of 131.6 million euros, according to the average estimate of seven analysts surveyed by Bloomberg.
The company will provide an outlook for the full-year when it publishes first-half earnings, it said.
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