HNA/HNB - Results third-quarter 2007
Highlights third-quarter 2007
- After-tax profit of NOK 1,346 million (NOK 1,454 million), of which NOK 1,302 million (NOK 1,263 million) is attributable to the Group's investment in Renewable Energy Corporation (REC).
- Operating profit excluding REC: NOK 209 million - down NOK 229 million from 3Q 2006.
- Significantly lower spot-market power prices, compared with 3Q 2006.
- Return on equity, excluding REC: 13.2 percent for the 12-month period ending 30 September (16.3 percent for the 2006 accounting year).
- Decision made to apply for Oslo Stock Exchange listing of Hafslund's Technical Services business area.
For further comments and key figures please see the attached shareholder report.
Hafslund ASA
Oslo, 26 October 2007