Magnora 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 2.3 million compared to NOK 5.9 million a year ago. Net income was NOK 206.5 million compared to net loss of NOK 8.4 million a year ago. Basic earnings per share from continuing operations was NOK 3.09 compared to basic loss per share from continuing operations of NOK 0.15 a year ago. Diluted earnings per share from continuing operations was NOK 3.08 compared to diluted loss per share from continuing operations of NOK 0.15 a year ago.
For the six months, sales was NOK 18.7 million compared to NOK 9.6 million a year ago. Net income was NOK 221.2 million compared to net loss of NOK 26.5 million a year ago.