Paris - State-owned French energy supplier EDF saw its profits fall by nearly 40 per cent in 2008 as it continued to expand its nuclear energy division abroad, the company said on Thursday.
Profits for last year stood at 3.4 billion euros (4.4 billion dollars), down 39.5 per cent from 2007, EDF said in a press statement.
The company said that part of the downturn was attributable to one-time costs linked to the opening of the French energy market to competition.
Turnover for the year rose by 7.8 per cent, to 64.28 billion euros.