August 22 (Renewables Now) - Swedish wind power company Rabbalshede Kraft AB today reported it has reduced its net loss for the first six months of the year to SEK 8.1 million (USD 838,000/EUR 755,000) from SEK 23.5 million a year back, as net sales rose 15.5% on the year.
CEO Peter Wesslau commented that the January-June period for the company this year brought high production volumes and electricity prices at a reasonable level until June, since when the electricity certificate price has been falling.
The table below shows more details about the company’s financial performance throughout the six-month period.
|Figures in SEK||Q2 2019||Q2 2018||H1 2019||H1 2018|
|Operating profit (loss)||(6.7m)||(2m)||10.7m||(2.3m)|
|Net profit (loss)||(13.7m)||(12.8m)||(8.1m)||(23.5m)|
During the second quarter, production at own wind farms amounted to 151 GWh, of which 106 GWh was own and 45 GWh was co-owned. The period ended with high production because of strong winds and high availability.
(SEK 10 = USD 1.040/EUR 0.937)