E.ON profits slump 22%

German gas, electric and water utility giant E.ON said its net profit fell 22% in the second quarter as it faced weak demand for power in Europe and increased competition from subsidised renewable energy.

E.ON profits slump 22%
Tue, 13 Aug, 2013 - 09:24

German gas, electric and water utility giant E.ON said its net profit fell 22% in the second quarter as it faced weak demand for power in Europe and increased competition from subsidised renewable energy.

Net income was €919m, down from €1.18bn in the April-June period a year ago.

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