Uniper swings to $10 billion net profit on lower gas prices
© Reuters. FILE PHOTO: A person stands at escalators near the Uniper logo at the utility's firm headquarters in Duesseldorf, Germany, July 8, 2022. REUTERS/Wolfgang Rattay/File PhotoFRANKFURT - Germany's Uniper, which was bailed out during Europe's energy crisis, swung to a nine-month net profit of 9.77 billion euro , boosted by falling gas prices that positively impacted future provisions.
The result compares with a net loss of 40.3 billion euros in the same period last year, when ballooning costs for the replacement of Russian gas threw the company into its biggest crisis ever, triggering a government rescue.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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