Shrinking profits for Swedish state owned companies


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Tuesday, 13 September 2011
The Swedish state-owned companies are also being affected by the financial crisis. First half profits fell by nearly one third, Skr12.5 billion, compared to same period in 2010, according to media reports.
Swedish business Dagens Industri, reports that eight of the ten largest companies has seen worsened results in the latest assessments.  The worst has reportedly passed for Vattenfall, which turned a profit of Skr9 billion in the second quarter 2010 to a loss of Skr3.2 billion during the same period this year, mainly due to the debacles with the German nuclear power plants.
By Team

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