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. The company, whose shares have fallen more than 20% since last year, also announced that it had signed an agreement with China National Nuclear Power Corporation (CNNP) to build two new reactors and upgrade existing ones
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.