Brief: Arendals Q1 Operating Profit Rises To NOK 83 Million

Arendals Fossekompani ASA

06/05/2021 15:40

May 6 (Reuters) - Arendals Fossekompani ASA  AFK.OL :
    * Q1 OPERATING PROFIT 83 MILLION NOK VERSUS 34 MILLION NOK
YEAR
AGO
    * REPORTED REVENUES OF NOK 1.000 MILLION IN Q1 OF 2021
    * INCREASED OPERATING PROFIT FROM NOK 34 MILLION TO NOK 83
MILLION
IN Q1
    * COMBINING A QUARTERLY DIVIDEND AND AN EXTRAORDINARY
DIVIDEND,
WILL PAY ITS SHAREHOLDERS NOK 30 PER SHARE IN MAY
    * VOLUE AND TEKNA DELIVERED PARTICULARLY SOLID REVENUE
GROWTH IN
THE QUARTER
    * AS RESULT OF INCREASED ELECTRICITY PRICES, AFK HYDROPOWER
CONTRIBUTED WITH BOTH SUBSTANTIAL REVENUES AND SOLID OPERATING
PROFIT

Source text for Eikon:  ID:nObidpdXLa 
Further company coverage:  AFK.OL 

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