Home Europe & UK E.ON’s renewables, Turkey business offset weak retail profits
E.ON’s renewables, Turkey business offset weak retail profits

E.ON’s renewables, Turkey business offset weak retail profits

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First-quarter adjusted earnings before interest and tax (EBIT) declined 8% to 1.67 billion euros ($1.88 billion), beating the 1.64 billion average forecast in a Reuters poll

FRANKFURT: German energy firm E.ON on Monday said that higher profits from wind parks and hydroelectric plants in Turkey offset a sharp drop in earnings at its British retail business during the first quarter.

First-quarter adjusted earnings before interest and tax (EBIT) declined 8% to 1.67 billion euros ($1.88 billion), beating the 1.64 billion average forecast in a Reuters poll.

Source: reuters
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Anand Gupta Editor - EQ Int'l Media Network