North Energy ASAOSL: NORTH

NORTH: NAV up sequentially, Q1 loss deepens, and operating expenses sharply reduced

· Issued by North Energy ASA

NAV rose 2.4% sequentially but fell 4.6% year-over-year, with a Q1 loss of NOK 28.1 million driven by negative industrial investment results. Operating expenses dropped 44% year-over-year, and the equity ratio stood at 76%.

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