Norway's Saga Pure Q2 net profit rises on investment gains
Norway's Saga Pure Q2 net profit rises on investment gains
Overview
Norway investment firm's Q2 net profit was NOK 24.9 mln
Net gain on financial investments driven mainly by Eilert Sundtsgate 39 AS
Investments in subsidiaries rose, equity instruments value declined from Q1
Outlook
Saga Pure did not provide specific guidance or outlook for the current or future periods in press release
Result Drivers
EILERT SUNDSGATE 39 AS - Net gain on financial investments mainly attributed to Eilert Sundtsgate 39 AS
SUBSIDIARY INVESTMENTS - Value of investments in subsidiaries increased from NOK 770.8 mln to NOK 785.6 mln
EQUITY INSTRUMENTS DECLINE - Value of equity instruments fell to NOK 32.0 mln from NOK 111.8 mln in Q1
Company had a cash holding of NOK 313.5 million at the end of second quarter 2026, versus NOK 288.3 million per year end 2025
Company press release: ID:nWkrbllC26
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income |
| NOK 24.90 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Saga Pure ASA
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Norway's Saga Pure Q2 net profit rises on investment gains
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