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E.ON Energy Trading Posts EU65 Million Proprietary Trading Loss
2010-08-11 08:10:25.131 GMT
By Lars Paulsson
Aug. 11 (Bloomberg) -- E.ON Energy Trading SE, a unit of
Germany's biggest utility, posted a first-half loss of 65
million euros ($85 million) from proprietary trading, calculated
on a basis of adjusted earnings before interest and tax.
That compares with a year-earlier gain of 75 million euros,
according to the Dusseldorf-based company's earnings report.
The loss was due to "a volatile and challenging market
environment," company said in the report.
For Related News and Information:
European power-market stories TNI EUROPE PWRMARKET <GO>
Today's top power news PTOP <GO> and energy news ETOP <GO>
European electricity-markets home page EPWR <GO>
German power-plant shutdown news TNI GER VOLTOUT <GO>
--Editors: John Buckley, Raj Rajendran
To contact the reporter on this story:
Lars Paulsson in London at +44-207-673-2759 or
lpaulsson@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net
