Nalcor Profits Up

More good news for Nalcor.

The company increased profits by 33 per cent in the first quarter of this year compared with last.

Profit for the three months ending March 31, 2018 was $90 million, compared to $57 million for the same period in 2017.

The primary factors contributing to the $33 million increase included the outcomes of the 2013 GRA order; an increase in oil revenue due to higher prices and volume; and higher electricity prices for export sales.