Ferronordic AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 17, 2023 at 01:30 am EDT
Ferronordic AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 674 million compared to SEK 402 million a year ago. Net income was SEK 64 million compared to SEK 32 million a year ago. Basic earnings per share from continuing operations was SEK 4.41 compared to basic loss per share from continuing operations of SEK 6.71 a year ago. Diluted earnings per share from continuing operations was SEK 4.27 compared to diluted loss per share from continuing operations of SEK 6.71 a year ago. Basic earnings per share was SEK 4.41 compared to SEK 2.2 a year ago. Diluted earnings per share was SEK 4.27 compared to SEK 2.2 a year ago.
For the six months, sales was SEK 1,305 million compared to SEK 856 million a year ago. Net income was SEK 71 million compared to SEK 95 million a year ago. Basic earnings per share from continuing operations was SEK 4.87 compared to basic loss per share from continuing operations of SEK 8.84 a year ago. Diluted earnings per share from continuing operations was SEK 4.71 compared to diluted loss per share from continuing operations of SEK 8.84 a year ago. Basic earnings per share was SEK 4.87 compared to SEK 6.5 a year ago. Diluted earnings per share was SEK 4.71 compared to SEK 6.5 a year ago.