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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.
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.
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