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Uniper swings to profit in Q2

Uniper SE said its second-quarter normalized net income amounted to 39 euro cents per share, compared with a loss of €7.71 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €141.1 million, compared with a loss of €2.82 billion in the prior-year period.

The normalized profit margin increased to 0.9% from negative 20.5% in the year-earlier period.

Total revenue increased 9.6% on an annual basis to €15.08 billion from €13.77 billion, and total operating expenses decreased 18.3% from the prior-year period to €14.78 billion from €18.09 billion.

Reported net income came to €234.0 million, or 64 cents per share, compared with a loss of €4.52 billion, or a loss of €12.36 per share, in the prior-year period.