Brief: Arendals Fossekompani Q2 Operating Profit Rises To NOK 77 Mln
20/08/2021 07:53
Aug 20 (Reuters) - Arendals Fossekompani ASA AFK.OL :
* AFK: SECOND QUARTER FINANCIAL RESULTS
* Q2 REVENUES OF NOK 866 MILLION IN Q2 OF 2021, UP 16% FROM
SAME
QUARTER LAST YEAR
* Q2 OPERATING PROFIT OF NOK 77 MILLION (10)
* OUTLOOK: FOLLOWING HIGH ACTIVITY LEVELS IN ALL PORTFOLIO
COMPANIES, IN ADDITION TO AFK PROPERTY EXPECTING TO BOOK THE
SALES OF FIRST PHASE OF BRYGGEBYEN IN Q3, 2021 REVENUES AND
EARNINGS FOR AFK AS A WHOLE ARE THEREFORE EXPECTED TO BE BETTER
THAN IN 2020
* OUTLOOK: REMAINS UNCERTAINTY ASSOCIATED WITH THE COVID-19
PANDEMIC AND THE FUTURE DEVELOPMENT OF ENERGY PRICES
Source text for Eikon: ID:nObilzNsXa
Further company coverage: AFK.OL
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