Scatec’s Net Profit Falls 72% YoY in Q3 as Operating Expenses Surge

The company’s revenue stood at NOK947 million, a 19% YoY decrease

November 7, 2023

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Norway-based independent power producer Scatec reported a net profit of NOK95 million (~$8.5 million) in the third quarter (Q3) of 2023, a decrease of 72% year-over-year (YoY) from NOK335 million (~$30 million).

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Arjun Joshi

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Scatec’s Net Profit Falls 72% YoY in Q3 as Operating Expenses Surge

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