Miner Company
Statkraft reports stronger Q1 earnings amid higher power prices
Norway's largest utility, Statkraft, reported a rise in underlying operating profit for the first quarter on Thursday, supported by higher electricity prices across the Nordic region. The state-owned energy company said underlying profit before interest and tax climbed to 11.6 billion Norwegian crowns ($1.25 billion) during the quarter, compared with 9.0 billion crowns in the same period last year.
Norway's largest utility, Statkraft, reported a rise in underlying operating profit for the first quarter on Thursday, supported by higher electricity prices across the Nordic region. The state-owned energy company said underlying profit before interest and tax climbed to 11.6 billion Norwegian crowns ($1.25 billion) during the quarter, compared with 9.0 billion crowns in the same period last year.