Magnora ASA reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NOK 16.4 million compared to NOK 3.8 million a year ago. Net income was NOK 14.8 million compared to net loss of NOK 18.1 million a year ago.

Basic earnings per share from continuing operations was NOK 0.22 compared to basic loss per share from continuing operations of NOK 0.32 a year ago. Diluted earnings per share from continuing operations was NOK 0.22 compared to diluted loss per share from continuing operations of NOK 0.32 a year ago.