PARIS (AP) — Electricite de France's profits last year nearly tripled over 2010's, when sluggish demand in the wake of the global recession forced the utility to set aside billions of euros.
The state-controlled utility's bottom line of €3 billion ($3.9 billion) reported Thursday was also helped by an increase in its nuclear output in France and Britain, where energy produced rose by 3 and 15 percent, respectively. The nuclear output offset a drop in hydropower and exceeded the company's targets for both countries.
But sales were stagnant at €65.3 billion ($85 billion) amid what CEO Henri Proglio called a "troubled environment" that includes Europe's raging debt crisis and the …
No comments:
Post a Comment