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Norske Skogindustrier ASA reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NOK 3,118 million compared to NOK 3,822 million a year ago. Revenue was NOK 3,404 million compared to NOK 3,937 million a year ago. Net income was NOK 45 million compared to NOK 935 million a year ago. Basic earnings per share from continuing operations was NOK 0.48 compared to NOK 9.92 a year ago. Diluted earnings per share from continuing operations was NOK 0.48 compared to NOK 9.92 a year ago.For the six months, sales was NOK 6,289 million compared to NOK 7,148 million a year ago. Revenue was NOK 6,725 million compared to NOK 7,527 million a year ago. Net loss was NOK 135 million compared to net income of NOK 1,518 million a year ago. Basic loss per share from continuing operations was NOK 1.43 compared to basic earnings per share from continuing operations of NOK 16.1 a year ago. Diluted loss per share from continuing operations was NOK 1.43 compared to diluted earnings per share from continuing operations of NOK 16.1 a year ago.
Period Ending: | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Revenue | 2911 | 2848 | 2693 | 3060 |
Gross Profit | 1132 | 1170 | 1101 | 1209 |
Operating Income | 73 | -52 | 2 | -73 |
Net Income | -9 | -546 | -273 | -125 |
Period Ending: | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Assets | 10028 | 10152 | 10263 | 10244 |
Total Liabilities | 10717 | 10710 | 10224 | 10060 |
Total Equity | -689 | -558 | 39 | 184 |
Period Ending: | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 0 Months |
Cash From Operating Activities | 114 | 276 | 87 | 230 |
Cash From Investing Activities | -256 | -179 | -80 | -107 |
Cash From Financing Activities | 46 | -144 | -73 | -82 |
Net Change in Cash | -106 | -36 | -66 | -4 |
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