RWE earnings recovery lags peer E.ON

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RWE earnings recovery lags peer E.ON

E
euronews (in English)

19 Views • Aug 14, 2012

Description

German energy firm RWE did not do as well as its main rival E.ON in terms of profit growth in the first half of the year.

Announcing its results one day after E.ON, the second largest utility company said its earnings rose nine percent year-on-year to just over five billion euros.

That reflected a slower adjustment by RWE to Germany's decision to shut its nuclear power stations.

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