EnergyWatch

Dong on track for first profit since 2011

Ahead of the company's 2016 results, all signs point to an end of the deficit streak troubling Danish energy giant Dong for the past four years. Meanwhile, it looks like last year's major oil impairment could be returned in coming quarters after OPEC reached a deal, says one analyst.

Photo: /ritzau/Joachim Adrian/

You would have to look as far back as to 2011 to find the last black bottom line from Dong Energy.

Shareholders – at the time mostly made up of the Danish state – noted a solid profit of DKK 4.3 billion (EUR 578 million), but have since been forced to only dream of profits on the bottom line, due to bad investments, weak oil prices, and other negative factors.

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