Brief: Carbon Transition Q1 EBIT Turns To Profit At USD 4.1 Million

Fjord Defence ASA

11/05/2022 06:50

May 11 (Reuters) - Carbon Transition ASA  CARBN.OL :
    * CARBON TRANSITION ANNOUNCES Q1 2022 RESULTS
    * Q1 REVENUE USD 1.4 MILLION VERSUS USD 0.8 MILLION YEAR AGO
    * Q1 OPERATING PROFIT USD 4.1 MILLION
    * Q1 NET ASSET VALUE NOK 1.86 PER SHARE
    * OUTLOOK: GIVEN THE CURRENT HIGH OIL PRICES AS WELL AS THE
SUBSTANTIAL  UNDERSPENDING IN THE OIL SECTOR OVER THE PAST
SEVERAL YEARS, WE EXPECT TO SEE  INCREASED SEISMIC NODE ACTIVITY
AND THIS SHOULD PROVIDE SOLID SUPPORT FOR THE EARNOUT

Source text for Eikon:  ID:nObitg8pma 
Further company coverage:  CARBN.OL 

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