Profit after tax was DKK3.08 billion for the first half of 2008, compared to DKK2.10 billion for the corresponding period in 2007. Profit after tax for the first six months of 2008 includes a gain of DKK477 million on the divestment of the 132kV transmission grid.
Earnings before interest, taxes, depreciation and amortization were DKK6.65 billion for the first half of 2008, compared to DKK4.75 billion for the same period of 2007.
Anders Eldrup, CEO, said: It was a satisfactory financial first half which, coupled with our market and price expectations for the second half, enables us to raise our full-year 2008 profit outlook. The sound results for the first half benefited from the fact that the effects of Dong Energy’s investment in the Norwegian Ormen Lange gas field in 2005 are now feeding through. Conversely, earnings from power generation remain very low, being held back by high and rising coal and CO2 prices.
