Parents gather in front of the Motijheel Ideal School and College in the capital to check lottery results for admission of their children on Tuesday.

RWE books strong 2017 ahead of mega-deal with EON

AFP, Frankfurt :German energy firm RWE said Thursday it beat forecasts with higher net profits last year, firming the group’s position ahead of a massive asset swap with rival EON that could redraw the sector.The Essen-based company reported net profits of 1.9 billion euros ($2.3 billion) for 2017, boosted by a windfall refund of a tax on nuclear fuel it had been paying since 2011.Analysts surveyed by Factset had predicted a result of 1.2 billion euros.RWE’s performance last year compared...

17 Mar 2018, 12:00 am