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Fortum reported a drop in third-quarter profit, citing lower power generation from its nuclear and hydro plants which also pushed its net debt higher.
Finnish utility Fortum reported a sharp drop in second-quarter profit, citing struggles with its core nuclear and hydropower assets, while announcing a major acquisition to expand its wind power portfolio.
Fitch Ratings upgraded Fortum's long-term credit rating to BBB+ from BBB, citing the Finnish energy company's improved financial strength and sustained reduction in debt.
| 28 Jul 2004 |
| FORTUM'S DEFERRED TAX LIABILITIES WILL D | 20 Jul 2004 |
| FORTUM SHARES SUBSCRIBED FOR WITH SHARE | 1 Jul 2004 |
| Fortum strengthens its position in Lenen | 1 Jul 2004 |
| FORTUM INCREASES TRANSPARENCY OF ITS FIN | 17 Jun 2004 |