HELSINKI, March 2 Reuters Finnish utility Fortum on Thursday said it would focus on Nordic lowcarbon energy again, after its fiveyearlong conquest of Germany39;s Uniper ended last year with a loss of nearly 6 billion euros 6.38 billion for it.

Fortum is recovering from a tumultuous year during which Russia39;s invasion of Ukraine sent gas prices soaring in Europe and forced Germany to nationalise its subsidiary Uniper.

It posted a biggerthanexpected rise in October to December profits on the back of high power prices after its first quarter as a standalone company since deconsolidating Uniper.

Fortum said its business is now fully stabilised and that its new strategy was to focus on Nordic hydro, wind and nuclear power generation which drove a strong financial performance for it in the fourth quarter.

With our energy we help our customers to decarbonise their processes and societies to reach carbon neutrality in balance with nature, Fortum39;s Chief Executive Markus Rauramo said in a statement.

In the fourth quarter the company benefited from high power prices in the Nordics and its comparable operating profit rose to 744 million euros 792 million from 519 million a year ago, beating the 611.9 million euro mean estimate in a companyprovided poll.

Yet it made an operating loss of 653 million euros when factoring in pretax impairments of 990 million euros announced in February from its Russian assets, which it is trying to divest, so far without success.

Fortum…