EVN: 12% Drop in First-Half Net Income

EnergyEnergy Source ♦ Published: May 26, 2011; 11:08 ♦ (Vindobona)

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…