AKVA group ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 04:10 am EDT
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AKVA group 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 940.29 million compared to NOK 907.24 million a year ago. Net income was NOK 20.33 million compared to net loss of NOK 41.15 million a year ago. Basic earnings per share from continuing operations was NOK 0.56 compared to basic loss per share from continuing operations of NOK 1.13 a year ago. Diluted earnings per share from continuing operations was NOK 0.56 compared to diluted loss per share from continuing operations of NOK 1.13 a year ago.
For the six months, sales was NOK 1,813.91 million compared to NOK 1,756.15 million a year ago. Net income was NOK 20.74 million compared to net loss of NOK 1.17 million a year ago. Basic earnings per share from continuing operations was NOK 0.57 compared to basic loss per share from continuing operations of NOK 0.03 a year ago. Diluted earnings per share from continuing operations was NOK 0.57 compared to diluted loss per share from continuing operations of NOK 0.03 a year ago.
Akva Group ASA is a Norway-based supplier of solutions and services to the global aquaculture industry. Its activities include design, purchase, manufacturing, assembly, sale and installation of technology products as well as rental, service and consulting services. The Company divides its operations into three business segments: Sea Based Technology (SBT), Digital and Land Based Technology (LBT). The SBT main products include Polarcirkel, Wavemaster and Akvasmart hardware brands such as: Plastic cages, steel cages, feed barges, feed systems, sensor- and camera systems, underwater lights and net cleaning systems. The LBT provides technology for water treatment technology. Main components used include mechanical filters, UV treatment, bio filters, degasser units, oxygenation, cooling/heating systems and lifting pumps. The Digital software include brands such as: Production control, planning, traceability, and ERP software for both the aquaculture and the fishing industry.
AKVA GROUP ASA 
