Finland's Fortum Q1 profit beats forecasts

Reuters | Helsinki | Updated: 12-05-2021 11:48 IST | Created: 12-05-2021 11:41 IST
Finland's Fortum Q1 profit beats forecasts
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Finnish electricity and energy company Fortum on Wednesday posted a bigger-than-expected rise in first-quarter operating profit, boosted by high power prices.

Fortum's underlying operating profit rose to 1.17 billion euros ($1.42 billion) from 393 million euros at the same time last year, beating the 1.1 billion euro mean estimate in a poll provided by the company ($1 = 0.8250 euros)

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