Höegh Autoliners-nedtur fortsetter på Oslo Børs
Bilfrakrederiet faller for andre dag på rad etter tallslippet.
Oslo Børs experienced fluctuations at the start of Friday, with the main index rising 0.23 percent around 9:20 AM. Company earnings announcements continued with quarterly results from several firms, including Scatec, Odfjell, Akastor, Eidesvik Offshore, Arendals Fossekompani, and Hydrogenpro. Oil prices hovered around current levels, with Brent spot price at $93.2 per barrel, up 0.1 percent since midnight. Meanwhile, Wall Street saw a decline in New York, and Asian stock exchanges opened lower on Friday.
Scatec reported weaker revenues and operating results for the second quarter, ending the quarter in the red. The company generated revenues of 2.29 billion kroner, down from 2.3 billion in the previous year. Income from production fell to 1.04 billion kroner, while growth and construction boosted revenues to 1.23 billion kroner.
The company's gross operating profit (EBITDA) decreased to 1.02 billion kroner, down from 1.13 billion in the previous quarter. After tax, the result was a loss of 106 million kroner. A backdated fee from power-related operations in the Philippines contributed negatively to the result, amounting to 231 million kroner. Operating expenses rose to 634 million kroner.
Other companies have also released figures for the second quarter.
Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
