Brief: Statt Torsk Q3 Loss Before Tax Widens To NOK 60.5 Million

Statt Torsk ASA

31/10/2023 07:15

Oct 31 (Reuters) - Statt Torsk ASA  STATT.OL :
    * Q3 REVENUE NOK 14.1 MILLION VERSUS NOK 3.3 MILLION YEAR
AGO
    * THE COMPANY HAD AN OPERATING LOSS OF NOK 59.0 MILLION IN
Q3 2023
AND A NEGATIVE NEGATIVE PROFIT BEFORE TAX OF NOK 60.5 MILLION
    * ACCOUNTING EFFECT OF COST-REDUCING MEASURES IMPLEMENTED IN
Q3
2023, WILL FIRST EFFECT FROM Q4 2023 AND FULL EFFECT IN 2024
    * IN TOTAL, APPROXIMATELY MNOK 50 IN RESTRUCTURING COSTS IN
Q3
2023, OF WHICH APPROXIMATELY 80% IS CANCELLATION OF THE
PRODUCTION CYCLE IN 2023
    * Q3 LOSS BEFORE TAX NOK 60.5 MILLION VERSUS LOSS NOK 12.0
MILLION
YEAR AGO

Source text for Eikon:  ID:nObilZBbba 
Further company coverage:  STATT.OL 

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