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EVN: 12% Drop in First-Half Net Income
The Austrian energy company recorded a substantial drop in group net income, mainly due to a 30.9% decline in the financial result.
EVN: 12% Drop in First-Half Net Income / Picture: © Vindobona.org
In the first half year 2010/11 EVN generated a slight increase in total revenue of 0.3% to € 1,629.7m despite the ongoing difficult business environment. The revenue decline in the Generation segment and Energy Trade and Supply segment as well as in the Energy Supply South East Europe segment – the latter relating to the changed reporting of revenue in Bulgaria – was compensated…
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