A significant drop for the Norwegian billionaire

A significant drop for the Norwegian billionaire

A summary of the first half of the year shows a sharp drop in the result of investment company Kristefos Kistefos.

Kistefos posted a result of NOK 330 million for the first six months of the year, which is a decrease of NOK 577 million compared to last year, he writes. E24.

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Add salt to the porridge

The result is still far from crisis, because the first half of last year was very good. It ended up being close to 1 billion crowns.

This means that Sveaas, which according to Kapital is the 19th richest in the country, still keeps salt in its porridge, to put it lightly.

Operating income was NOK 9.8 billion in the first half of the year, down by NOK 1.2 billion from the same period last year.

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decrease in stock gains

Kistefos’ accounts show a sharp drop in stock gains. In the first half of the year, profits amounted to NOK 69.7 million. A sharp drop from 672 million at the same time last year.

— The drop in earnings was mainly due to weak results at Advanzia Bank, Western Bulk Chartering and Viking Supply Ships, as well as the fact that the first half of 2022 included gains from the sale of Promon, the company wrote.

In total, the financial income ends up at approximately NOK 210 million, down from NOK 61 million.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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