Litgrid AB reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 142.83 million compared to EUR 59.47 million a year ago. Revenue was EUR 143.08 million compared to EUR 60 million a year ago. Net loss was EUR 34.23 million compared to net income of EUR 3.5 million a year ago. Basic loss per share from continuing operations was EUR 0.068 compared to basic earnings per share from continuing operations of EUR 0.007 a year ago.
For the nine months, sales was EUR 287.52 million compared to EUR 170.66 million a year ago. Revenue was EUR 288.32 million compared to EUR 172.4 million a year ago. Net loss was EUR 43.47 million compared to net income of EUR 20.88 million a year ago. Basic loss per share from continuing operations was EUR 0.086 compared to basic earnings per share from continuing operations of EUR 0.041 a year ago.