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Regulatory press release

North Energy ASA – Results for the first quarter 2023

North Energy

10.5.2023 07:30:01 CEST | North Energy ASA | Half yearly financial reports and audit reports / limited reviews

North Energy ASA ("North Energy" or "Company") recorded a comprehensive income of NOK 7.2 million in the first quarter of 2023 compared to a comprehensive loss of NOK 12.6 million in the same quarter last year. The loss reported this quarter is mostly driven by increase in the value of financial investments offset by operational expenses.

At the end of the first quarter 2023, North Energy's total investment portfolio had a market value NOK 439.4 million, up from NOK 402.7 million at the end of same quarter last year. The portfolio consists of industrial holdings, listed financial investments and other financial investments.

The report for the first quarter 2023 is attached and available on the Company's website, www.northenergy.no.

 

Disclosure regulation

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Contacts

  • Rune Damm, CFO, (+47) 4166 6685, rune.damm@northenergy.no

Attachments

  • NE Interim report Q1 2023.pdf
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