TITLE

Fortum posts record annual ?1.2bn profit

PUB. DATE
February 2008
SOURCE
Utility Week;2/15/2008, Vol. 28 Issue 16, p17
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the annual earnings results of Fortum. For the year ended December 31, 2007 the company made a net profit of £1.2 billion, up from £1.1 billion the year before. Revenues were £4.48 billion. The Finnish company said the strong balance sheet would enable it to consider buying shares in Russian power generators as the sector restructured, strengthening its position in the Russian wholesale market. At year end, the company's total electricity generating capacity was 10,920MW, almost entirely in the Nordic market.
ACCESSION #
31145465

 

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