GDF Suez Reports Decline In Net Profit

GDF Suez SA (OTC: GDFZY) reported a decline in its first half net profit.

GDF Suez reported an 8.2% increase in earnings before interest, tax, depreciation and amortization, (EBITDA). The group reported a 7.9% rise in its revenue to EUR45.7 billion. However, analysts were expecting EBITDA of EUR 8.79 billion. Its net profit dropped 24% to EUR2.7 billion.

GDF Suez shares gained 0.52% to $29.15 in after-hours trading.