E.ON\'s renewables\, Turkey business offset weak retail profits

E.ON's renewables, Turkey business offset weak retail profits

First-quarter adjusted earnings before interest and tax (EBIT) declined 8% to 1.67 billion euros ($1.88 billion), beating the 1.64 billion average forecast in a Reuters pollREUTERS  |  May 13, 2019, 11:56 IST
E.ON's renewables, Turkey business offset weak retail profits FRANKFURT: German energy firm E.ON on Monday said that higher profits from wind parks and hydroelectric plants in Turkey offset a sharp drop in earnings at its British retail business during the first quarter.

First-quarter adjusted earnings before interest and tax (EBIT) declined 8% to 1.67 billion euros ($1.88 billion), beating the 1.64 billion average forecast in a Reuters poll.