RWE 2011 Net Profit Declines 45%

RWE AG RWEOY reported a 45% decline in its 2011 net profit. RWE's net profit dropped to €1.81 billion, from €3.31 billion, in the year-earlier period. Its revenue declined 3.1% to €51.69 billion. However, analysts were expecting a net profit of €2.11 billion on revenue of €52.65 billion. RWE declared a dividend of €2 a share. RWE shares closed at $45.65 yesterday.