Theolia stock dips 7.04% on Tuesday

(ADPnews) - Apr 20, 2011 - French wind energy group Theolia (EPA:TEO) ended yesterday's trading session on Euronext Paris with a fall of 7.04% to EUR 1.32 as investors are still disappointed with the company's 2010 results.
The group reported on Monday an operating loss of EUR 34.5 million (USD 49.6m) for 2010 versus a profit of EUR 26 million a year earlier. At the same time, earnings before interest, tax, depreciation and amortisation (EBITDA) plunged by 93% on the year to EUR 3.4 million.
However, Theolia booked a net profit of EUR 5 million against a net loss of EUR 25.2 million in 2009.
(EUR 1.0 = USD 1.439)

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