PARIS - Electricite de France saw profits rise 4.6 per cent in the first half of the year as growth in renewable energy offset lower nuclear output.
The state-controlled utility said Tuesday that it also saw an 8.2 per cent jump in sales to €36.2 billion ($44.3 billion). For the January-to-June period, net income was €2.8 billion.
That growth comes despite more and longer planned outages at nuclear plants this year than last.
But hydropower, which struggled last year, and other renewable energies made up the difference. Excluding one-off charges, the group's net income grew 10.3 per cent.
The company reiterated that it expected its net income excluding non-recurring items to grow by 5 to 10 per cent this year.