Statkraft's profit cut in half
Declining power prices were offset by a series of successful auctions, resulting in Statkraft's interim report showing profit reduced to NOK 656 million (EUR 64.56 million) – down by half relative to last year's Q3, when the Norwegian utility turned NOK 1.265 billion in profit.
BY VICTOR EMIL KRISTENSEN
Lower Nordic electricity prices have been hard on Statkraft, which stumbles on income compared to the third quarter of 2018.
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