electricity generation: Income for the first three quarters plunged 58 percent to 227 million euros, according to Deutsche Welle. But it said it expected to achieve full-year targets. Net profit in the third quarter was a puny 11 million euros 11.8 million the company said, blaming a very challenging environment amid falling power prices. In view of the difficult conditions, above all in conventional electricity generation, we recorded respectable earnings in the first three quarters, RWE new CFO Markus Krebber said. The company had already logged a big drop in profit in the previous quarter, which it blamed on poor energy-trading results. EBITDA was down year-on-year 13 percent to 3.8 billion euros and operating profit fell 20 percent to 2.1 billion.
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