Brief: North Energy Q3 Income Of NOK 0.9 Million

North Energy ASA

09/11/2022 06:38

Nov 9 (Reuters) - North Energy ASA  NORTH.OL :
    * RESULTS FOR THE THIRD QUARTER 2022
    * RECORDED A COMPREHENSIVE INCOME OF NOK 0.9 MILLION IN Q3
OF 2022
COMPARED TO A COMPREHENSIVE INCOME OF NOK 47.7 MILLION IN SAME
QUARTER LAST YEAR
    * INCOME REPORTED THIS QUARTER IS MOSTLY DRIVEN BY INCOME
FROM
INVESTMENTS IN ASSOCIATED COMPANIES OFFSET BY LOSS ON FINANCIAL
INVESTMENTS AND OPERATIONAL EXPENSES.
    * AT END OF Q3 2022, NORTH ENERGY'S TOTAL INVESTMENT
PORTFOLIO HAD
A MARKET VALUE NOK 409.1 MILLION, UP FROM NOK 334.3 MILLION AT
END OF SAME QUARTER LAST YEAR
    * WE EXPECT A MUTED OUTLOOK FOR GLOBAL GROWTH FOR THE REST
OF 2022
AND INTO 2023, WITH INCREASING RECESSION RISKS, AS THE GLOBAL
ECONOMY FACES SIGNIFICANT HEADWINDS ON MULTIPLE FRONTS.

Source text for Eikon:  ID:nObiYMDYFa 
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