Wednesday, August 8, 2018

E.ON Stock Dips On Weak H1 Profit; Backs FY18 Outlook

Shares of E.ON SE were losing around 2 percent in the German trading after the electric utility reported Wednesday a sharp decline in its first-half net profit with lower sales mainly due to weakness in Energy Networks. Adjusted earnings improved. Looking ahead, the energy supplier affirmed forecast for full year 2018.

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