July 24, 2018 / 6:17 AM / 5 months ago

UK's Drax reports 16 pct fall in earnings after outages

LONDON, July 24 (Reuters) - British power producer Drax Group Plc reported a 16 percent fall in mid-year earnings on Tuesday as outages curbed electricity generation at its power plants.

Earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 102 million pounds ($133.5 million) for the six months to June 30, the company said.

$1 = 0.7642 pounds Reporting by Susanna Twidale; editing by Jason Neely

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