LKAB returns to profit with SEK 1.6 billion operating profit in third quarter

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LKAB returns to profit with SEK 1.6 billion operating profit in third quarter
Photo: LKAB/TT

Net sales rose to 8.05 billion from 7.58 billion. Delivery volume increased to 6.8 million tonnes from 6.2 million tonnes, while production volume fell slightly to 6.7 million tonnes from 6.9 million tonnes.

The third quarter of last year was marked by increased costs for urban transformation in Kiruna, according to LKAB.

In August, LKAB received a government decision that clears the way for the purchase of land for continued urban transformation in Kiruna. New housing, businesses and community facilities will be built, according to the company.

Once the areas are fully developed, the plan is for ownership of the land to be transferred to Kiruna Municipality.

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TT News AgencyT
By TT News Agency. English edition by Sweden Herald, adapted for our readers

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