28 May (NucNet): British Energy (BE) said today that pre-tax profits
for the financial year to the end of March 2008 were down 32 percent
from the previous year.
BE's preliminary results for the 2007-08 financial year showed pre-tax profits were 538 million pounds (678 million euro, 1.6 billion US dollars).
The company, the UK's biggest nuclear energy producer, had announced in April 2008 that nuclear output was down to 50.3 terawatt hours (TWh) from 51.2 TWh previously. This was mainly because of the boiler closure unit (BCU) issue which affected its Hartlepool and Heysham 1 nuclear power plants. However, BE said the output figure was "marginally ahead of current market expectations".
BE's preliminary results are available in full on the company's website (www.british-energy.com).
Related reports in the NucNet database (available to subscribers)
British Energy Says Remedial Engineering Work Needed On Units (World Nuclear Review No. 3, 18 January 2008)
British Energy Confirms It Has Received Takeover Proposals (World Nuclear Review No. 18, 16 May 2008)
