The operating profit of Swedish state-owned power generating company, Vattenfall, rose by 11.4 percent to 9.36 billion Swedish crowns ($1.10 billion) in the first quarter of 2018 from 8.4 billion crowns a year ago, the company said on Thursday.
Vattenfall said that its net sales also increased 11 percent to 44 billion crowns over the same period.
The company said the results were partly due to higher total electricity generation as a result of increased hydropower generation.
"The sales activities showed strong earnings during the first quarter. This was partly driven by weather effects, but customer growth also continued to make a positive contribution, especially in Germany," Magnus Hall, CEO of the company said.
By Murat Temizer
Anadolu Agency
energy@aa.com.tr