Germany energy giant RWE hit hard by nuclear exit

Germany energy giant RWE hit hard by nuclear exit

Berlin (AFP) May 10, 2012
Germany's second-biggest power supplier RWE said Thursday its net profits had fallen by more than a quarter in the first three months of the year, hit by Berlin's decision to scrap nuclear power. Net profits fell by 28 percent in the first quarter of the year to 1.3 billion euros ($1.7 billion) on broadly flat earnings of 15.6 billion euros, the firm said in a statement.

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