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Fingrid's performance improved - "Bottlenecks" decreased

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Nicholas Patton
Oct 28, 2016 17:07
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the national grid company fingrid's operating profit July-September grew by 5 percent to eur 24.1 million last year compared to the third quarter.

consolidated net sales decreased by 18% 110,8 million, partly due to the fact that the so-called congestion income is not the beginning of the year onwards, reported no sales.

Investment company made in July-September to eur 31.2 million.

Equity to assets at period end was 32.8%.

according to the Company in the third quarter weakened the nordic water situation almost double the electricity of the common nordic system price and the lower Finnish and Swedish area price differences.

"the market situation in the third quarter, the Finnish and Swedish electricity transmissions between restrictive 'traffic situations', i.e. the bottle neck for hours was only about one-third relative to the same period last year," ceo Jukka Ruusunen said in the announcement.

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Nicholas Patton
Oct 28, 2016 17:07
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