Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Sweden's Vattenfall sees Q3 profits dwindle 46%

10/27/2020 | 02:13am EST

OSLO, Oct 27 (Reuters) - Vattenfall slumped to an operating profit of 4.7 billion crowns ($538 million) in the third quarter from 8.7 billion crowns a year ago, it said on Tuesday, as an unusually high hydrological balance put pressure on Nordic power prices.

"Price hedges and a positive contribution from the sales operations and trading have counterbalanced the negative effect of lower electricity prices," the utility firm said in a statement.

($1 = 8.7369 Swedish crowns) ($1 = 8.7369 Swedish crowns) (Reporting by Nora Buli, editing by Gwladys Fouche)


© Reuters 2020
Latest news "Economy & Forex"
11:17aBMF BRITISH MARINE FEDERATION : British Marine is conducting research on the economic and social benefits of boating in the UK – we need your help!
PU
11:16aNEWS HIGHLIGHTS : Top Company News of the Day
DJ
11:16aNEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
11:16aCrypto exchange Coinbase hit by connection, latency problems as bitcoin plummets
RE
11:16aNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
10:53aANALYSIS : Turkish lira stuck between bullish foreigners, bearish locals
RE
10:53aWorld shares hold close to record highs; U.S. markets close for Thanksgiving
RE
10:53aRHA ROAD HAULAGE ASSOCIATION : welcomes Road Freight APPG report on Clean Air Zones
PU
10:52aSpain moves from stick to carrot to persuade later retirement
RE
10:50aOil rally stalls on signs of more supply, demand doubts
RE
Latest news "Economy & Forex"