Friday, July 29, 2011

Electricite de France SA, Europe’s biggest power generator, reported first-half profit rose after nuclear output surged and said annual spending on atomic safety and reactor maintenance will increase.
Earnings before interest, taxes, depreciation and amortization rose to 8.62 billion euros ($12.4 billion) compared with an adjusted 8.14 billion euros a year earlier, EDF said today in a statement. That was in line with the 8.58 billion- euro median estimate of 10 analysts surveyed by Bloomberg. Net income climbed to 2.55 billion euros from a restated 1.66 billion euros a year earlier.

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