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Finland's Fortum Q1 profit beats forecasts

HELSINKI, May 12 (Reuters) - Finnish electricity and energy company Fortum on Wednesday posted a bigger-than-expected rise in first-quarter operating profit, boosted by high power prices.

Fortum's underlying operating profit rose to 1.17 billion euros ($1.42 billion) from 393 million euros at the same time last year, beating the 1.1 billion euro mean estimate in a poll provided by the company here. ($1 = 0.8250 euros) (Reporting by Essi Lehto, editing by Louise Heavens)

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