May 14, 2018 / 5:14 AM / 12 days ago

Innogy's Npower grows operating profit in Q1

FRANKFURT, May 14 (Reuters) - Innogy’s troubled British division Npower grew operating profit by 26.5 percent in the first quarter, the group said on Monday, ahead of a planned merger of the business with the local retail power unit of SSE .

First-quarter adjusted earnings before interest and tax (EBIT) came in at 43 million euros, compared with 34 million in the same period last year. (Reporting by Christoph Steitz Editing by Ludwig Burger)

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