STOCKHOLM, Sweden, Nov. 05, 2003 (PRIMEZONE) -- Graninge
-- Net sales for the first nine months of the year amounted to MSEK 2,820,
up 24 per cent over the corresponding period of last year. The increase
is mainly attributable to high -- periodically very high -- electricity
prices, particularly at the beginning of the year.
-- Profit before tax is reported at MSEK 500, an increase of 6 per cent.
-- Profit was charged with non-recurring expenses in the form of property,
plant and equipment write-downs amounting to more than MSEK 30.
Excluding these, profit improved by 13 per cent.
-- Profit after tax amounted to MSEK 352, an increase of 4 per cent.
Profit for the period corresponded to earnings per share of SEK 5.30
(5.10).
-- Graninge is now a subsidiary of Sydkraft.
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