Electricity supplier increases profit after CEO comeback

Danske Commodities is earning more money, even though revenue is declining for the first time. Previous growth rates are in the past, however, says the CEO.

Photo: /ritzau/Mikkel Berg Pedersen

Danske Commodities earned more on less last year. The Danish electricity supplier increased its net result from DKK 174 to DKK 193 million, year to year, despite a small decline in revenue from DKK 22.2 to DKK 22.1 billion, reports Danish business daily Børsen, which has accessed the company's 2016 report.

The company's founder Henrik Lund is back in the top spot after several years outside daily management. However the millionaire returned as CEO last August, after Dirk Mausbeck was dismissed from the job after just two years in the post.

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