Article Tools

Lower Profits for Verbund´s Subsidiary Sorgenia

Published: October 18, 2011; 15:01 · (Vindobona)

Sorgenia, the Italian Subsidiary of the Austrian energy corporation Verbund, reports a drastic decrease in net income from € 61m to € 18m. Sales were down by 8.5%.

Lower Profits for Verbund´s Subsidiary Sorgenia / Picture: © Flickr

The Board of Directors of Sorgenia SpA, the company controlled by the CIR group in which the Austrian provider Verbund has an interest, met today under the chairmanship of Rodolfo De Benedetti and examined the results of the first nine months of 2011.

Adjusted net income came in at € 18m (€ 61m in 2010). The difference was due mainly to an extraordinary item of a fiscal…

This article includes a total of 598 words.

or Log In