Drax earnings fall on weak power prices, loss of green scheme revenue

LONDON (Reuters) - British power producer Drax reported a 17 percent fall in core annual earnings to 140 million pounds ($175 million), slightly below analysts' estimates, citing weak power prices and the loss of revenue from a green energy scheme. Full-year earnings before interest, tax, depreciation and amortisation (EBITDA) were 140 million pounds, against 169 million pounds in 2015 and consensus analysts' forecast of 143 million pounds, the company said on Thursday. ...