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Companies Thursday, February 24, 2011

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Sorgenia, net income tumbles in 2010

Sorgenia, the Cir energy affiliate, ended 2010 with net income down 24.5% to 50.4mn euros and adjusted net income down 6.2% to 62.8mn, while revenues and Ebitda grew respectively 14.7% to 2.668bn and 28.2% to 151.1mn. Adjusted Ebitda, excluding the fair value measurement of hedge contracts, grew 49.2% to 163.9mn. The results were approved by the bo ...

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