Borregaard ASA Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
Borregaard ASA announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was NOK 1,338 million compared to NOK 1,234 million a year ago. Operating income was NOK 131 million compared to NOK 61 million a year ago. Net income was NOK 121 million compared to NOK 38 million a year ago. Basic earnings per share from continuing operations was NOK 1.21 compared to NOK 0.38 a year ago. For the full year, sales was NOK 5,328 million compared to NOK 5,063 million a year ago. Operating income was NOK 568 million compared to NOK 558 million a year ago. Net income was NOK 436 million compared to NOK 417 million a year ago. Basic earnings per share from continuing operations was NOK 4.36 compared to NOK 4.17 a year ago. Diluted earnings per share from continuing operations was NOK 4.37 compared to NOK 4.18 a year ago.