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Drax "not for dividend hunters"

Don’t be too concerned about the hefty headline profit slide at Drax (DRX) - which operates Europe’s largest coal-fired power station. Strip-out such factors as the hit from marking-to-markets the group’s derivative contracts and underlying earnings fell 4 per cent in 2012 to £193m.

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By John Ficenec,
20 February 2013

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