RWE says net profits down 28% in 2012 | Bangkok Post: news

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RWE says net profits down 28% in 2012

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German power giant RWE said Tuesday its net profit dropped 28 percent in 2012 and it expects earnings to decline "significantly" in coming years due to changes in the European energy market. 

File picture shows the Neurath RWE power station on September 11, 2012 at Grevenbroich, southern Germany. German power giant RWE said Tuesday its net profit dropped 28 percent in 2012 and it expects earnings to decline "significantly" in coming years due to changes in the European energy market.

RWE said in a statement its bottom-line net profit fell by 27.7 percent to 1.306 billion euros ($1.7 billion) last year.

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