Profit falls at utility GDF Suez amid Europe woes
PARIS (AP) — Franco-Belgian utility GDF Suez says its earnings fell more than 60 percent in 2012 compared to the year earlier because the company booked a €2 billion ($2.6 billion) impairment on its European assets in anticipation of the region's continued economic malaise. Without the charge and only counting recurring operations, net income would have been €3.8 billion. Reported by SeattlePI.com 4 days ago.
PARIS (AP) — Franco-Belgian utility GDF Suez says its earnings fell more than 60 percent in 2012 compared to the year earlier because the company booked a €2 billion ($2.6 billion) impairment on its European assets in anticipation of the region's continued economic malaise. Without the charge and only counting recurring operations, net income would have been €3.8 billion. Reported by SeattlePI.com 4 days ago.