GDF Suez Profit Hit by Impairments
PARIS—French utility GDF Suez SA on Thursday reported a sharp drop in 2012 net profit as continued weakness in European energy markets prompted a massive impairment charge on its assets in the region.
Net profit fell to €1.55 billion from €4.00 billion a year earlier, despite a 7.0% rise in revenue to €97.04 billion. The figure was dragged down by a €2 billion ($2.63 billion) impairment charge, mainly on its European assets. The ...
GDF Suez Profit Hit by Impairments
![GDF Suez Profit Hit by Impairments]()
Reviewed by M. Amaar Tahir
on
5:30 PM
Rating:
No comments