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Home » Finance » Enefit Green Reports a 78% Drop in Q3 2023 Net Profit Due to Lower Electricity Prices
Finance

Enefit Green Reports a 78% Drop in Q3 2023 Net Profit Due to Lower Electricity Prices

By Teri WrightNovember 3, 20232 Mins Read
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Credit: Enefit Green
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Enefit Green AS disclosed a significant 78% year-on-year decline in net profit for the third quarter of 2023. The decline was attributed to a reduction in revenues resulting from lower electricity prices compared to the same period in the prior year. Despite a substantial 37% increase in electricity generation when compared to the third quarter

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