Financial Times FT.com

British Energy fires up EDF results

By Esther Bintliff in Paris

Published: July 30 2009 14:23 | Last updated: July 30 2009 14:23

Strong international sales and the acquisition of British Energy helped EDF, the world’s largest nuclear operator, report better-than-expected results for the first half of 2009 on Thursday.

The French state-owned electricity group saw its shares jump more than 5 per cent in Thursday morning trade after it said net profit had stayed flat at €3.2bn ($4.5bn), beating consensus forecasts for a drop in profit to €2.7bn. The group confirmed its outlook for unchanged net profit in 2009 compared to the previous year, and for “moderate” sales growth.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this