Deals
RWE Profit Rises After Gazprom Arbitration Success
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RWE AG, Germany’s second-largest utility, said first-half profit rose 19 percent after arbitration made gas supply contracts with Russia’s OAO Gazprom more favorable.
Recurrent net income, the measure used to calculate the dividend, climbed to 1.99 billion euros ($2.64 billion) from 1.67 billion euros a year earlier, the Essen-based company said today in a statement. That missed the 2.1 billion-euro average estimate of 12 analysts surveyed by Bloomberg. Sales advanced 5.2 percent to 28.5 billion euros.