Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

Uniper posts operating profit drop as carbon costs increase

Uniper posts operating profit drop as carbon costs increase
FILE PHOTO: A logo of German energy utility company Uniper SE is pictured in the company's headquarter in Duesseldorf, Germany, March 8, 2018. REUTERS/Thilo Schmuelgen -
Euronews logo
Text size Aa Aa

FRANKFURT (Reuters) – German energy firm Uniper <UN01.DE> on Thursday said that operating profit nearly halved in the first six months of 2019, blaming a temporary increase in costs for carbon allowances.

First-half adjusted earnings before interest and tax (EBIT) fell 49% to 308 million euros (£283.8 million). The company confirmed its outlook, still expecting adjusted EBIT of 550 million to 850 million euros in 2019.

(Reporting by Christoph Steitz; Editing by Michelle Martin)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.