Posts Tagged ‘Profit’

UPDATE 4-E.ON, RWE get fresh boost from dividend, profit outlook

E.ON forecast annual operating profit to rise by an average 3 to 4 percent over the next three years, while RWE flagged a bigger than expected dividend for 2019, driving shares in E.ON to the top of Germany's blue-chip index .GDAXI . The two companies announced plans to carve up networks, renewables and retail energy […]

Earthquake hits EDC’s nine-month profit

ENERGY Development Corp. , the country's largest geothermal and wind energy company, yesterday said consolidated recurring net income attributable to equity holders of the parent fell 6.5 percent to P6.6 billion for the first nine months of 2017, from P7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, […]

Job fears as Siemens industrial profit dives

German engineering company Siemens has reported a worse than expected 10 percent drop in quarterly industrial profit and signalled a tough year ahead as it restructures its turbine and wind power businesses. As Sonia Legg reports, some staff fear for their jobs. View full post on Wind Power News

Spain’s Iberdrola 9-mth core profit falls 5 pct on drought, lower margins

Spanish utility Iberdrola said on Tuesday core profit slipped 5.1 percent in the first nine months of the year as a drought in Spain hit its hydroelectric capacity and on lower demand and margins in Britain. Earnings before interest, taxes, depreciation and amortisation fell to 5.44 billion euros for the nine months to September 30, […]

China Longyuan Power posts higher interim profit

China Longyuan Power, Asia's largest wind farms developer, posted a better-than-expected 7.2 per cent year-on-year rise in interim net profit on the back of higher output and lower finance costs. The company, a unit of China Guodian Group, one of the nation's big five state-owned power generation groups, had a net profit of 2.36 billion […]

Siemens core profit hurt by wind power charges

German engineering group Siemens missed expectations for fourth-quarter core profit, hurt by charges for faulty wind turbines that pushed its wind power division to a loss. Siemens, one of Germany’s biggest companies and a major exporter of goods from trains to turbines to hospital equipment, posted total sectors profit up 28 percent to 2.2 billion […]

Energy provider Dominion’s 3Q profit falls 7 pct

Dominion Resources’ third-quarter profit fell 7 percent as the energy provider spent heavily on the development of a third nuclear reactor at a Virginia facility and offshore wind operations. The Richmond company on Friday reported earnings of $529 million, or 90 cents per share, for the period ended Sept. View full post on Wind Power […]

Hydro’s record $242m profit

Cashing in on good water storages before the carbon tax was repealed and a big boost from interstate retail arm Momentum underpinned the $242 million profit. Outgoing Hydro chairman David Crean said the Government business enterprise would return $233 million to the state’s coffers this year, including a dividend of $117 mill ion. View full […]

Centrica Half-Year Profit Drops 31% on Unprofitable Gas

Centrica Plc, grappling with a competition probe and the resignations of three senior managers, said first-half profit dropped 31 percent because of losses at its gas-fired power-generation business. View full post on Wind Power News

Reliance Power Q1 net profit remains flat at Rs 244.35 cr

Reliance Power today reported a marginal growth in net profit at Rs 244.35 crore for the first quarter ended June 30, 2014-15. View full post on Wind Power News