E-CO Energi AS
P. O. Box 1050 Sentrum
0104 Oslo
Norway
Visiting address:
C. J. Hambros plass 2 C, Oslo
Tel: + 47 24 11 65 00
Fax: + 47 24 11 65 01
E-mail: energi@e-co.no
Performance in H1 2017: Improved earnings for E-CO Energi
E-CO Energi earned a consolidated net profit of MNOK 332, up MNOK 39 from H1 2016. Operating revenues climbed by MNOK 59, as higher sales prices more than compensated for lower power production. E-CO Energi concluded an agreement for the acquisition of 90 per cent of the shares in Hafslund once business activities other than hydropower production had been demerged. Such an acquisition will boost E-CO Energi's power production from 10 TWh to approximately 13 TWh.
