Flat on the Oslo Stock Exchange – Lerøy shares rise more than 10 percent – E24

Flat on the Oslo Stock Exchange – Lerøy shares rise more than 10 percent – E24

Neil rebounds after the inclusion of the news, while Norris falls badly after the poor result. Lerøy climbs after record sales.

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Status is updated throughout the trading day…

After starting the trading day slightly higher, the main index on Oslo Børse turned flat around 10.30.

This is what it looks like for a group of the most widely traded stocks:

  • Hoegh Autoliners shares fell 1.06 percent
  • Golden Ocean Group shares rose 3.35 percent
  • Lerøy Seafood shares rose 13.80 percent
  • Frontline rose 1.19 percent
  • Neil's stock rose 4.63 percent
  • Equinor fell 0.53 percent

Tuesday ended with a decline on the Oslo Stock Exchange, and the main index fell by 0.18 percent at closing time.

Shortly before the stock market opened, North Sea oil (the burnt spot) was trading at US$82.3 per barrel, an increase of 0.12 percent since midnight.

Leroy's score is strong

In 2023, seafood producer Lerøy had its largest sales in company history at $30.87 billion, according to Quarterly report Which was submitted on Tuesday.

At the same time, a dividend of NOK 2.5 per share is proposed, for a total of NOK 1.5 billion.

The operating result fell to NOK 765 million in the fourth quarter, versus NOK 678 million expected, according to Bloomberg. At the same time the previous year, it amounted to NOK 822 million.

The share rose by 13.80 percent around 10:30 am.

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Neil minimized the loss

Hydrogen Neal reported its results on Wednesday:

  • The quarterly report shows revenue of NOK 534 million, compared to NOK 414 million in the corresponding quarter of the previous year.
  • Operating earnings before depreciation and amortization (EBITDA) ended at minus NOK 106 million, compared to minus NOK 216 million in the fourth quarter of 2022.
  • The pre-tax result was minus NOK 105 million, compared to minus NOK 731 million in the three-month period last year.

The company also reported that it has initiated a process to spin off its filling station business and list it.

Neil's stock rose 4.63 percent.

Norris is at a huge loss

The airline, Nawras, had a result of minus $64 million in the fourth quarter, compared to $67 million at the same time last year.

Operating profit was minus 57 million dollars compared to minus 59 million

On the other hand, revenues amounted to 94.8 million dollars, compared to 46 million.

The Scandinavian share decreased by 18.19 percent.

Decline for Frederiksen companies

Drilling company Northern Ocean, of which John Frederiksen's Hemen Holding is the largest owner, to hand in It achieved profits after tax of minus $18.4 million in the fourth quarter, compared to a loss of $22.1 million in the corresponding quarter of the previous year.

Total revenue was $80 million in the quarter, compared to revenue of $10.9 million in the previous year.

The company announced costs for the quarter of $84.4 million, compared to $27.1 million in the corresponding quarter of 2022.

Golden Ocean Group, which Frederiksen also controls, had revenue of $254 million in the fourth quarter, compared with $250 million in the same quarter a year earlier.

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The share of the Northern Ocean increases by 0.37 percent.

The Golden Ocean Group's share increased by 1.99 percent.

Cool Company has increased its sales volume

Gas shipping company Cole Company Reports Wednesday morning on revenue of $97.1 million in the fourth quarter of 2023, up from $90.3 million in the corresponding quarter a year earlier and $92.9 million in the third quarter of 2023.

The company achieved operating results of $55.1 million, compared to $48.9 million at the same time the previous year.

Profit after tax ended at $22.4 million in the quarter, down from the corresponding quarter in 2022, where the result ended at $33.1 million.

The share price rose by 1.75 percent.

Nicod continued to lose money

There were also a number of results in the morning hours of Wednesday:

  • Hoegg LNG to hand in Operating result (EBITDA) was $78.1 million in the fourth quarter, up from $51.9 million in the same quarter the previous year.
  • Vaccine company Nicode had a result of minus $9.5 million in the fourth quarter, up from minus $12.3 million in the same quarter of 2022. The stock fell by 5.06 percent.
  • Seafood company Austevoll's operating income rose to NOK 8.75 billion in the fourth quarter from NOK 7.64 billion at the same time last year. According to the results report. The stock price rose to 10.06.
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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