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Dong Energy Reports Surge in Year-to-Date Net Income

November 12, 2008

Denmark-based Dong Energy has reported after-tax profit of DKK5.18 billion for the first nine months of 2008, compared to DKK2.21 billion for the same period of 2007.

The company has reported revenue of DKK41.61 billion for the first nine months of 2008, compared to DKK27.4 billion for the same period of 2007.

Dong Energy has reported earnings before interest, taxes, depreciation and amortization (EBITDA) of DKK10.99 billion for the first nine months of 2008, compared to DKK6.44 billion for the same period of 2007.

Anders Eldrup, CEO of Dong Energy, said: “For the first nine months of 2008 earnings increased in almost all Dong Energy’s business segments. Growth was particularly strong in exploration and production and markets, predominantly reflecting increasing production from the Norwegian gas field Ormen Lange and a substantial positive time lag effect driven by the high oil prices during the period under review.”




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