German utility Uniper incurs net loss of 538 million euros, raises dividend proposal
German utility Uniper incurred a net loss of 538 million euros in 2017, down from a loss of 3.2 billion euros in the year before, the company said in a press release. The fossil spin-off of utility E.ON, which was partly sold to Finnish company Fortum, confirmed that it increases the dividend proposal for its shareholders to 271 million euros and aims to reach 310 million euros in 2018. It added that its earnings before income and taxes (EBIT) of 1.1 billion euros met the company鈥檚 expectations. 鈥滵espite continued challenging market conditions and a difficult regulatory environment, Uniper posted solid numbers,鈥� CEO Klaus Sch盲fer said. Uniper says its loss is 鈥渆ntirely attributable to non-cash-effective one-off items鈥�, such as the disposal of its stake in a Russian gas field.
Find the press release in English .
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