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Uniper’s commodity trading boosts 9-month results on volatile prices

Published by maria gbaf

Posted on November 5, 2021

1 min read
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Uniper's Trading Desk Sees Profit Surge on Gas Price Volatility

FRANKFURT (Reuters) – Volatile gas prices boosted Uniper’s commodity trading desk and caused a 52% increase in nine-month adjusted operating profit, the German utility majority owned by Finland’s Fortum said on Friday.

Apart from rising gas prices, Global Commodities — which include Uniper’s trading and plant optimisation activities — benefited from unusual weather conditions in North America, Uniper said.

(Reporting by Christoph Steitz; Editing by Riham Alkousaa)

Key Takeaways

  • Uniper's trading desk profits from volatile gas prices.
  • 52% increase in nine-month adjusted operating profit.
  • Benefited from unusual weather conditions in North America.
  • Majority owned by Finland's Fortum.
  • Global Commodities includes trading and plant optimisation.

Frequently Asked Questions

What is the main topic?
The article discusses Uniper's increased profits from commodity trading due to volatile gas prices and unusual weather conditions.
How much did Uniper's profits increase?
Uniper's nine-month adjusted operating profit increased by 52%.
Who owns Uniper?
Uniper is majority owned by Finland's Fortum.

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