Vattenfall's net profit for the second quarter 2012 amounted to 899 million Swedish kronor ($131 million), compared with a net loss of SEK2.74 billion a year earlier when earnings were hit by impairment losses and increased provisions as a result of Germany's decision to phase out nuclear power.

-Net sales amounted to SEK36.70 billion, down from SEK40.44 billion a year earlier due to divestments in Belgium , Finland and Poland .

-Excluding divested operations sales rose by slightly more than 1% during the second quarter.

-Earnings before interest and taxation, or EBIT, was SEK4.78 billion, compared with an EBIT loss of SEK3.24 billion a year earlier.

-Excluding divested operations, underlying operating profit decreased by slightly more than 2%.

-"Thanks to successful work on improving the efficiency of operations, price hedging and higher production volumes, Vattenfall is reporting a stable underlying operating profit for the second quarter, despite considerably lower electricity spot prices than in the corresponding period in 2011," Chief Executive Oystein Loseth said in a statement.
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