Germany's Uniper bounces back with record profit in 2023

BERLIN, Feb. 28 (Xinhua) -- German energy company Uniper made record-high adjusted net income of 4.4 billion euros (4.8 billion U.S. dollars) in 2023 after suffering heavy losses the year before due to the energy crisis, the company said in a statement on Wednesday.

Uniper ended 2022 with a loss of 7.4 billion euros, prompting the German government to take over 99 percent of the shares as a way to bail out the strategic utility. For 2024, Uniper set aside a first provision of 2.2 billion euros for anticipated repayment obligations.