Dong result weakens in 1. half of 2009
The Supervisory Board of Dong Energy on Tuesday approved the interim financial report for the first half of 2009, which shows a decline in profit after tax from DKK 3,082 million in the 1. half of 2008 - to DKK 1,335 million in first half of 2009.
"We expect a 70 pct. increase in our gas production in 2009, and we will be commissioning five new wind farms in the coming months. Although the financial crisis has taken a firmer hold, with declining energy prices and energy consumption, we reaffirm our previous outlook for 2009", says CEO Anders Eldrup.
Revenue was DKK 959 million ahead at DKK 28,779 million, reflecting higher
gas production from the Ormen Lange field, partly offset by significantly lower oil and gas prices and lower Danish power prices.
As already announced, profit after tax for 2009 is expected to be significantly down on 2008, when profit after tax DKK 4.8 billion.
Source: Dong
