Norwegian holding company Aker increased its net asset value in the second quarter compared to the previous quarter.
Aker's net asset value totaled NOK 63.9 billion at the end of the second quarter, compared to NOK 60.4 billion at the end of the first quarter. Net asset value per share was NOK 860, compared to NOK 813 in the previous quarter. The share itself stood at NOK 615 at the end of the period, representing an increase of 1.1 percent during the quarter including dividends. Aker paid out a total of NOK 15.5 per share in the first half of 2024.

Ebitda was NOK 104 million, compared to NOK 96 million in the comparable quarter. Meanwhile, profit before tax was NOK 2 292 million, compared to NOK 883 million last year.

"Despite persistent uncertainty in the geopolitical landscape in the first half of 2024, the global economy remained relatively resilient. Although inflation has come down, the speed and extent of interest rate cuts are still a matter of debate," writes Øyvind Eriksen, CEO of Aker, adding:

"Nevertheless, the first half of 2024 was a dynamic and productive period for Aker, as we continued to execute our strategy, streamline our portfolio and deliver value to our shareholders. As we emphasized in the first quarter, Aker's strategy going forward will be more focused, but our commitment to long-term industrial development and shareholder value creation remains firm."

Aker, MNOKQ2-2024 Q2-2023 ChangeEbitda 104 96 8.3%Profit before tax 2 292 883 159.6%Net asset value per share, NOK 860 770 11.7%.