May 7 (Bloomberg) -- Stadtwerke Duesseldorf AG, a unit of Germany’s third-largest power supplier, reported a 19 percent drop in profit last year after writing down investments.
Earnings fell to 87 million euros ($114 million) from 107 million euros in 2011 on sales of 1.84 billion euros, the company said in a statement today.
Stadtwerke Duesseldorf is 55 percent owned by EnBW Energie Baden-Wuerttemberg AG.
To contact the reporter on this story: Tino Andresen in Dusseldorf at firstname.lastname@example.org
To contact the editor responsible for this story: Will Kennedy at email@example.com