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BREAKING NEWS

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 -
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THILO SCHMUELGEN(Reuters)
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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)

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