By Nathan Allen

 

Innogy SE (IGY.XE) confirmed its guidance Friday after first-half earnings fell, due in part to the sale of its Czech gas-grid business and retail price caps in the U.K.

Net profit at the German utility fell to 671 million euros ($751.7 million) from EUR850 million a year earlier.

Revenue slipped to EUR19.03 from EUR19.36 billion.

"Overall, business performance in the first half-year was in line with our forecast. We confirm our outlook for 2019," Chief Financial Officer Bernhard Guenther said.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

August 09, 2019 01:30 ET (05:30 GMT)

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