The company reported that earnings per share (EPS) from continuing operations were up 100% to $0.34, including impairment charges of $0.04, for the first quarter of 2008. Adjusted earnings per share were $0.39 in the first quarter of 2008 versus $0.24 in the first quarter of 2007.
During the quarter, revenues increased by $1 billion, or 33%, to $4.1 billion. For the quarter, gross margin increased by $197 million, or 23%, to $1 billion.
Paul Hanrahan, president and CEO of AES, said: We had a good start to 2008, demonstrating the strength of our portfolio and the benefits we derive from our global footprint.
We continued to focus on executing our global pipeline of core, wind, solar and climate solution projects, including the acquisition of Masinloc in the Philippines, the start of construction of our first three Greenfield hydro projects in Turkey and our expansion into solar energy.
