Steam billows from the cooling towers of Vattenfall’s Jaenschwalde brown coal power station behind wind turbines near Cottbus, Germany, December 2, 2009. REUTERS/Pawel Kopczynski

OSLO, Oct 28 (Reuters) – Swedish utility Vattenfall reported a twenty-fold increase in its net profit for the first three quarters this year, driven by one-off payments and unrealised gains from derivatives trading, it said on Thursday.

Net profit for the January-September period rose to 41.9 billion Swedish crowns ($4.88 billion) from 2 billion crowns a year ago.

“It’s a very unusual result,” Vattenfall CEO Anna Borg told Reuters, highlighting extremely high and volatile energy price in continental Europe and

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