Elmera Group ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 18, 2022 at 04:14 am EDT
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Elmera Group ASA reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was NOK 4,106.42 million compared to NOK 2,474.94 million a year ago. Net income was NOK 74.64 million compared to NOK 99.21 million a year ago. Basic earnings per share from continuing operations was NOK 0.67 compared to NOK 0.87 a year ago. Diluted earnings per share from continuing operations was NOK 0.66 compared to NOK 0.86 a year ago.
For the six months, sales was NOK 10,824.71 million compared to NOK 6,529.81 million a year ago. Net income was NOK 184.69 million compared to NOK 232.86 million a year ago. Basic earnings per share from continuing operations was NOK 1.63 compared to NOK 2.04 a year ago. Diluted earnings per share from continuing operations was NOK 1.61 compared to NOK 2.01 a year ago.
Elmera Group ASA, formerly Fjordkraft Holding ASA, is a Norway-based holding company for Fjordkraft Group. The Group is a national electricity retailer and provider of related services to households, private and public companies, as well as municipalities. The core business includes the purchase, sale and portfolio management of electrical power. The Company operates within segments: The Consumer segment, that implies the sale of electrical power and related services to private consumers in Norway; The Business segment, that covers sale of electrical power and related services to business consumers in Norway; and The Nordic segment, that covers sale of electrical power and related services to consumers in Finland and Sweden.
ELMERA GROUP ASA 
