Home Europe & UK Power generation and infrastructure boost French Engie’s H1 results
Power generation and infrastructure boost French Engie’s H1 results

Power generation and infrastructure boost French Engie’s H1 results

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Engie said first-half net profit rose 3.5 percent to 1.2 billion euros ($1.40 billion) as the French gas and power group’s renewable and thermal power generation, infrastructure and energy services all reported strong growth.

First-half revenue rose 1.6 percent to 32.6 billion euros, as core earnings before interest, tax, depreciation and amortisation (EBITDA) fell 0.1 percent to 5 billion euros, although that figure was up 4 percent on an organic basis.

Net recurring income rose 4.2 percent to 1.5 billion euros and the company confirmed its guidance for net recurring income of 2.4-2.6 billion billion euros, expected at mid-range.

($1 = 0.8551 euros)

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

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