May 8, 2018 / 9:46 AM / 6 months ago

Uniper posts profit drop at Global Commodities segment

FILE PHOTO: A logo of German energy utility company Uniper SE is pictured in the company's headquarter in Duesseldorf, Germany, March 8, 2018. REUTERS/Thilo Schmuelgen/File Photo

FRANKFURT (Reuters) - Energy group Uniper (UN01.DE) on Tuesday said operating profit at its global commodities segment fell 42 percent in the first quarter, hit by a cold spell in Europe that came after the group had already hedged energy prices.

The company, in which Fortum (FORTUM.HE) is seeking a 47 percent stake, said adjusted earnings before interest and tax (EBIT) came in at 134 million euros (118 million pounds) at the unit.

Reporting by Christoph Steitz; Editing by Maria Sheahan

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