Atel First-Half Earnings Increase 11% on Energy Services

By Nicholas Comfort

Aug. 19 (Bloomberg) -- Atel Holding AG, Switzerland's largest utility, said first-half profit gained 11 percent on demand for its energy services business.

Net income rose to 374 million Swiss francs ($340 million) from 338 million francs a year earlier, the Olten-based company said today in an e-mailed statement. Sales slipped 1 percent to 6.38 billion francs.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net