German energy supplier EnBW, 39 percent of which is controlled by French energy giant EdF, said Wednesday it was back in the black last year, reporting a pre-tax profit of €707 million ($919 million) in 2004 after a 2003 loss of more than €1 billion. 2003 earnings had been hit by massive writedowns and provisions against a number of loss-making activities that have since been sold off. "The turnaround has been a success, even if further sharp cost-cutting and profit-boosting measures are envisaged for 2005 and 2006," the statement said. EnBW has embarked on drastic belt-tightening measures, including the axing of 2,000 jobs. Detailed 2004 results are scheduled to be published on February 11.