Vestas profit declines during Q2


(MENAFN) The Danish wind-turbine manufacturer Vestas posted that it has recorded a decrease in its operating profits during the April-June period of the year.

Moreover, it added that its earnings before interest and tax (EBIT) for have dropped 30% to reach 279 million euros in the cited time.

On the other hand, the reduction was mainly attributed to the lower gross profit as well as a 28-million-euro impairment of research and development building units.

MENAFN2008201700450000ID1095751073


MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.