French power company Engie reported a 1.3% rise in core earnings for the first half of 2018 as revenue rose 0.1% to €30.2m ($€250m), despite a series of outages at its Belgian nuclear plants which the company said would reduce annual profits by 35.2bn. Group net income was down 25% year-on-year reflecting losses at Engie's LNG division, which has now been sold to rival Total.
French power company Engie reported a 1.3% rise in core earnings for the first half of 2018 as revenue rose 0.1% to €30.2m ($35.2bn), despite a series of outages at its Belgian nuclear plants which the company said would reduce annual profits by €250m. Group net income was down 25% year-on-year reflecting losses at Engie's LNG division, which has now been sold to rival Total.