Eneco net profit falls 45%

Rotterdam based energy group Eneco booked net profit of €75m in the first six months of this year, down 45% on a year ago, the Financieele Dagblad reports on Tuesday.

The company had to deal with a number of one-off costs in connection with the separation of its production and supply operations. Operating profit was also under pressure, the paper said.
State-owned Eneco is in the hands of 60 local councils and has a workforce of 7,000.
Last year, the Netherlands’ two biggest power groups, Essent and Nuon, were taken over by foreign firms. Germany’s RWE acquired Essent and Sweden’s Vattenfall took over Nuon.