RWE posts 20% core profit rise on energy trading boost

FRANKFURT (Reuters) – RWE (DE:), Germany’s largest power producer, on Wednesday said core profit rose by a fifth in the first half of 2019, boosted by a stronger-than-expected performance at its energy trading unit.

First-half adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) were up 20% at 1.37 billion euros (£1.27 billion), the group said in a statement.

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