RWE 2011 Net Profit Declines 45%
RWE AG (OTC: RWEOY) reported a 45% decline in its 2011 net profit.
RWE's net profit dropped to €1.81 billion, from €3.31 billion, in the year-earlier period. Its revenue declined 3.1% to €51.69 billion. However, analysts were expecting a net profit of €2.11 billion on revenue of €52.65 billion.
RWE declared a dividend of €2 a share.
RWE shares closed at $45.65 yesterday.
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