Brief: Rana Gruber Q3 EBITDA Swings To Profit Of NOK 64 Million

Rana Gruber ASA

10/11/2022 06:18

Nov 10 (Reuters) - Rana Gruber ASA  RANA.OL :
    * Q3 REVENUES OF QUARTER INCREASED BY 17 PER CENT COMPARED
TO Q3
OF 2021 AND CAME IN AT NOK 230.5 MILLION
    * Q3 OPERATING PROFIT (EBITDA) ENDED AT NOK 64 MILLION, UP
FROM
NEGATIVE NOK 8.3 MILLION IN COMPARABLE PERIOD LAST YEAR
    * INCREASE IN REVENUES IS LARGELY EXPLAINED BY FALL IN
PRICES
FORIRON ORE DURING Q3 OF 2021. THIS ALSO EXPLAINS IMPROVED
OPERATING PROFIT - CEO
    * Q3 ADJUSTED NET PROFIT AMOUNTED TO NOK 55.4 MILLION
    * BOARD DECIDED TOPAY OUT DIVIDENDS PER SHARE OF NOK 1,05

Further company coverage:  RANA.OL 
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