Brief: North Energy Q2 Comprehensive Income Swings To Loss NOK 20.8 Mln

North Energy ASA

19/08/2021 06:35

Aug 19 (Reuters) - North Energy ASA  NORTH.OL :
    * RESULTS FOR THE SECOND QUARTER 2021
    * RECORDED A COMPREHENSIVE LOSS OF NOK 20.8 MILLION IN Q2 OF
2021
COMPARED TO A COMPREHENSIVE INCOME OF NOK 52.0 MILLION IN SAME
QUARTER LAST YEAR
    * LOSS REPORTED THIS QUARTER IS MOSTLY DRIVEN BY A DECREASE
IN
MARKET VALUE OF INVESTMENT IN TOUCHSTONE EXPLORATION INC.
    * COMPANY'S MAIN INDUSTRIAL INVESTMENT, REACH SUBSEA,
REPORTED A
COMPREHENSIVE INCOME OF NOK 15.9 MILLION IN Q2 OF 2021
    * AT END OF Q2 2021, NORTH ENERGY'S TOTAL INVESTMENT
PORTFOLIO HAD
A MARKET VALUE NOK 287.0 MILLION, DOWN FROM NOK 304.0 MILLION
LAST QUARTER

Source text for Eikon:  ID:nObir2zQXa 
Further company coverage:  NORTH.OL 

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