"E.ON posts loss after writing off billions on plants, storage"
Bloomberg
German energy group E.ON SE posted a first-half loss of 3 billion euros following 3.8 billion euros in charges linked to the stock market listing next month of the company’s Uniper division, which comprises its fossil fuel assets, Tino Andresen writes in Bloomberg. The figure is down from E.ON’s 1.15 billion euro profit a year earlier. The company’s adjusted net income in the first half of 2016, not including Uniper, dropped 28 percent to 604 million euros.
Read the article in English here.
Read EON’s press release in English here.
Find background material on E.ON's troubles in the CLEW factsheet E.ON shareholders ratify energy giant's split.
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