Suez Environnement profit nearly doubles on Europe water, disposal
PARIS, July 30
PARIS, July 30 (Reuters) - French waste and water group Suez Environnement said first-half net profit nearly doubled on the strength of its European water business and a disposal gain on the sale of its Macau CEM unit.
Net income rose to 280 million euros ($375 million) from 148 million in the first half of last year and included a 129 million gain on the sale of CEM, it said on Wednesday.
Revenue fell 2.1 percent to 6.89 billion euros, mainly because of a 168 million negative currency impact due to the strength of the euro against the Australian dollar, the Chilean peso and the U.S. dollar.