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Money News

Uniper's first-half profit more than doubles on gas, capacity market

The logo of German energy utility company Uniper SE is pictured in the company's headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen/Files

FRANKFURT (Reuters) - German utility Uniper on Tuesday said its adjusted operating profit more than doubled to 691 million euros ($811.93 million) in the first half, mainly driven by its gas business and capacity market payments in Britain.

The group also said that its Russian plant Berezovskaya 3, which is being repaired following a fire in early 2016, was now expected to restart in the first half of 2021. It previously said the plant would re-enter service at the end of 2020.

($1 = 0.8511 euros)

Reporting by Christoph Steitz; Editing by Michelle Martin

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