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Uniper swings to loss in Q2

Uniper SE said its normalized net income for the second quarter was a loss of €16.59 per share, compared with 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €2.82 billion, compared with income of €5.0 million in the prior-year period.

The normalized profit margin declined to negative 20.5% from 0.0% in the year-earlier period.

Total revenue decreased 33.0% year over year to €13.77 billion from €20.56 billion, and total operating expenses fell 12.4% from the prior-year period to €18.09 billion from €20.65 billion.

Reported net income totaled a loss of €4.52 billion, or a loss of €26.61 per share, compared with a loss of €4.0 million, or a loss of 2 cents per share, in the prior-year period.