German RWE’s third-quarter net profit drops to €19 million

German energy company RWE AG, said in its financial records that its net profit fell by 25% to €2.1 billion in the first nine months of 2022 and plunged 72 times in yearly terms in the third quarter.

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German RWE’s third-quarter net profit drops to €19 million © The Strategist

Net profits for the company’s third quarter decreased by 72 times to €19 million. In contrast to €2.03 a year earlier, earnings per share were only €0.03. Revenue shot up 2.2 times, totaling €10.744 billion.

The three quarters’ diluted earnings per share were €3.11, down from €4.15 a year earlier. A 1.7-fold increase brought adjusted EBITDA to €4.127 billion.

Revenue more than doubled, reaching €26.932 billion. The nine-month average of power generation was 115.276 billion kWh.

source: dw.de

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