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VKW with Declining Profits in the First Half of 2011
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The regional energy company reported a drop in power generation due to the dry weather in the period from January to June.
VKW with Declining Profits in the First Half of 2011 / Picture: © Vindobona.org
Net profit of stock listed Vorarlberger Kraftwerke AG (VKW) amounted to € 17.07m in the first half of 2011 which corresponds to a decline by € 2.16m year-on-year. The winter with little snowfall and low water levels in the first two quarters had affected VKW’s power generation from own plants, explained Ludwig Summer, Chairman of the Board. Electricity production declined by 22%…
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