BERLIN: RWE, Germany’s second-biggest power supplier, yesterday said that it would partially suspend dividend payouts after running up a loss last year as a result of collapsing wholesale prices and weak profitability in conventional power generation.
RWE booked a net loss of 200 million euros last year compared with a net profit of 1.7 billion euros for 2014, due to a writedown of 2.1 billion euros on its power plants in Germany and Britain, the company said.
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