NEW YORK (Reuters) – Normal Electrical Co expects its core power-plant enterprise to lose vital money this 12 months and doesn’t anticipate giant enchancment in that unit’s money stream margins for at the very least three years, the corporate’s chief monetary officer stated on Wednesday.

FILE PHOTO: The emblem of U.S. conglomerate Normal Electrical is pictured on the firm’s website of its vitality department in Belfort, France, February 5, 2019. REUTERS/Vincent Kessler/File Photograph

“Energy was a really vital damaging money stream generator final 12 months. We anticipate it to be additionally considerably damaging this 12 months,” CFO Jamie Miller stated at an investor convention…

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