October 24, 2008
Fortum Q3 Operating Profit Increases 28%
Fortum, engaged in generation, distribution and sale of electricity and heat, has reported an operating profit of E1.34 billion for the third quarter of 2008, a 28% increase, compared to E1.05 billion for the same period of 2007.
The company reported sales of E4.03 billion for the third quarter of 2008, compared to E3.16 billion for the same period of 2007.Fortum has reported cash flow from operating activities of E1.44 billion for the third quarter of 2008, compared to E1.32 billion for the same period of 2007.
Fortum's total power sales during the January-September period of 2008 were 54.2TWh, of which 44.2TWh was in the Nordic countries. This represents approximately 15% of Nordic electricity consumption during January-September 2008.