Wednesday’s trading in the Oslo Poor’s started positively, and after half an hour of trading, the main index settled at approximately 1212 points. At lunchtime, the main index reached 1,201.81 points, down 0.1 percent. A barrel of North Sea oil is sold for $76.25, down 1.5 percent.
Bloomberg News reported that the White House said it would begin replenishing the country’s strategic oil reserves after maintenance work on storage facilities later this year. Equinor It rises 0.3 percent to 310.15 Norwegian crowns, while Aker BP It decreased by 0.2 percent, to NOK 242.
Connect navigation Turnover rose 23 percent to NOK 1.44 billion in the first quarter, while organic sales growth of 12 percent was currency-adjusted. Adjusted operating profit before depreciation and write-off (EBITDA) ended at NOK 181 million in the quarter. The share rose by 16 percent to NOK 11.11.
Moy It made an operating profit of 322 million euros in the first quarter. This benefits the shareholders, who receive a dividend of NOK 2.00 per share. Equivalent to just over 1 billion NOK. The share decreased 1.5 percent to NOK 188.05.
Store brands Group profit ended at NOK 773 million, compared to NOK 636 million in the same period last year. The solvency margin was 179 percent, and the group wants to make more buybacks after the current tranche of half a billion crowns is completed. The share fell 3.0 percent to 78.84 Norwegian crowns.
“We are always optimistic on behalf of Storebrand,” director Jan-Peter Sessener told Finansavisen earlier this week.
Car loading company zaptik Turnover of NOK 271 million in the first quarter, up 105 percent over the same period last year. The company stated that the order backlog reached an all-time high, and production volume was significantly higher than in the first quarter of 2022. The EBITDA result was NOK 4.6 million. The stock fell 0.2 percent to 41.46 Norwegian crowns.
Archer It introduced improved operations, but the effects of currency ruined the bottom line. EBITDA ended at $25 million, while EBITDA minus $16 million. The stock rose 0.2% to 0.91 Norwegian crown.
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