Mid-year result for 2003 - up 16 per cent over previous year

Mid-year result for 2003 up 16 per cent over previous year Profit before tax for the period January-June 2003 amounted to a preliminary MSEK 453 (389), up 16 per cent over the corresponding period of last year. Profit for the full year is expected to exceed the 2002 level by over 10 per cent, provided that run-off is normal throughout the rest of the year. The spring flood was weak and the summer has started with very low run-off to the reservoirs. A full report will be published on 22 August 2003. For additional information: Lars Enslöf, VD Graninge AB, +46 (0)8-753 50 04, +46 (0)70-593 15 46 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/07/10/20030710BIT00500/wkr0001.doc http://www.waymaker.net/bitonline/2003/07/10/20030710BIT00500/wkr0002.pdf