Stock Market News

Swedish utility Vattenfall posts 54% profit rise

2022.07.22 10:01

Swedish utility Vattenfall posts 54% profit rise
FILE PHOTO: The company Logo hangs at the entrance of the combined heat and power plant, Reuter West, owned by Vattenfall GmbH during its final construction phase before being fully operational in Berlin, Germany June 30, 2022. REUTERS/Michele Tantussi

STOCKHOLM (Reuters) – Swedish utility Vattenfall reported a 54% rise in second-quarter operating earnings on Friday as higher electricity prices across the Nordic region, Germany and the Netherlands boosted sales.

Underlying earnings before interest and tax (EBIT) at the state-owned energy group rose to 8.11 billion Swedish crowns ($792.41 million) from 5.26 billion crowns in the same quarter a year ago.

“At present, the big question is what the natural gas supply will look like in Europe this winter with rationing becoming an increasingly likely scenario,” Vattenfall Chief Executive Anna Borg said in a statement.

“The uncertainty has sent electricity prices to new record levels even as we are in the middle of the summer when prices are usually lower.”

($1 = 10.2346 Swedish crowns)

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 84,221.57 1.09%
ethereum
Ethereum (ETH) $ 1,937.36 2.58%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.36 2.26%
bnb
BNB (BNB) $ 626.23 4.25%
solana
Solana (SOL) $ 129.47 1.84%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.723864 3.29%
dogecoin
Dogecoin (DOGE) $ 0.174684 3.47%
tron
TRON (TRX) $ 0.219354 2.79%
staked-ether
Lido Staked Ether (STETH) $ 1,936.84 2.64%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,124.54 1.26%
pi-network
Pi Network (PI) $ 1.35 2.80%
leo-token
LEO Token (LEO) $ 9.78 2.18%
chainlink
Chainlink (LINK) $ 14.11 4.83%
the-open-network
Toncoin (TON) $ 3.48 2.05%
stellar
Stellar (XLM) $ 0.273723 2.32%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,322.68 3.08%
usds
USDS (USDS) $ 1.00 0.05%
hedera-hashgraph
Hedera (HBAR) $ 0.192786 4.45%
avalanche-2
Avalanche (AVAX) $ 18.91 3.04%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 1.53%
sui
Sui (SUI) $ 2.36 5.06%
litecoin
Litecoin (LTC) $ 93.20 3.91%
mantra-dao
MANTRA (OM) $ 7.04 3.10%
bitcoin-cash
Bitcoin Cash (BCH) $ 339.26 1.63%
polkadot
Polkadot (DOT) $ 4.40 3.89%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.03%
weth
WETH (WETH) $ 1,938.62 2.68%
bitget-token
Bitget Token (BGB) $ 4.42 1.20%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999894 0.21%
hyperliquid
Hyperliquid (HYPE) $ 13.61 3.21%
whitebit
WhiteBIT Coin (WBT) $ 28.52 0.11%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,059.84 2.86%
monero
Monero (XMR) $ 211.93 0.25%
uniswap
Uniswap (UNI) $ 6.36 4.24%
susds
sUSDS (SUSDS) $ 1.04 0.05%
aptos
Aptos (APT) $ 5.37 4.18%
dai
Dai (DAI) $ 0.999833 0.03%
near
NEAR Protocol (NEAR) $ 2.67 5.32%
pepe
Pepe (PEPE) $ 0.000007 13.05%
okb
OKB (OKB) $ 50.27 2.65%
internet-computer
Internet Computer (ICP) $ 6.03 8.00%
ondo-finance
Ondo (ONDO) $ 0.876513 6.71%
mantle
Mantle (MNT) $ 0.821451 0.70%
ethereum-classic
Ethereum Classic (ETC) $ 17.97 2.96%
gatechain-token
Gate (GT) $ 21.97 3.00%
tokenize-xchange
Tokenize Xchange (TKX) $ 33.49 11.76%
aave
Aave (AAVE) $ 176.15 6.24%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,307.59 1.27%