Brief: Recreate H1 Rental Income Down At NOK 46.4 Mln

Recreate ASA

29/09/2023 13:11

Sept 29 (Reuters) - Recreate ASA  RCR.OL :
    * FIRST HALF YEAR REPORT 2023
    * H1 RENTAL INCOME NOK 46.4 MILLION VERSUS NOK 65.6 MILLION
YEAR
AGO
    * OUTLOOK: GOING FORWARD, THE GROUP WILL CONTINUE TO FOCUS
ON COST
REDUCTIONS AND OPTIMALIZATION OF OPERATIONS
    * GENERAL MARKET OUTLOOK: MACROECONOMIC OUTLOOK IS STILL
UNCERTAIN, BUT NORWEGIAN ECONOMY IS SOLID WITH STRONG GOVERNMENT
FINANCES SMOOTHING BUSINESS CYCLES
    * H1 NET LOSS FROM PROPERTY MANAGEMENT NOK 23.1 MILLION
VERSUS
PROFIT NOK 4.3 MILLION YEAR AGO
    * H1 LOSS BEFORE TAX NOK 188.6 MILLION VERSUS PROFIT NOK
56.7
MILLION YEAR AGO

Source text for Eikon:  ID:nObikfsdta 
Further company coverage:  RCR.OL 

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