Engie 1st Half Profit Falls on LNG Charges
27 Julio 2018 - 01:35AM
Noticias Dow Jones
By Nathan Allen
Engie SA (ENGI.FR) said Friday that its first-half net profit
dropped, due largely to a loss booked on its discontinued upstream
and midstream LNG business.
Net profit for the first half was 938 million euros ($1.10
billion) compared with EUR1.28 billion a year earlier, while
revenue was almost flat at EUR30.18 billion compared with a
restated figure of EUR30.16 billion a year earlier, Engie said.
Engie said revenue growth took a hit from adverse currency
effects, which were mostly offset by a sharp increase in renewable
power generation in France and Brazil.
The group confirmed its guidance for the year and said it would
continue to pursue its strategic overhaul, which aims to reduce
exposure to commodities prices and reduce the company's carbon
footprint.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 27, 2018 02:20 ET (06:20 GMT)
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