North Energy ASA reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was NOK 0.026 million compared to NOK 0.069 million a year ago. Net loss was NOK 24.11 million compared to net income of NOK 70.51 million a year ago. Basic loss per share from continuing operations was NOK 0.21 compared to basic earnings per share from continuing operations of NOK 0.6 a year ago. Diluted loss per share from continuing operations was NOK 0.21 compared to diluted earnings per share from continuing operations of NOK 0.6 a year ago.
For the full year, sales was NOK 0.178 million compared to NOK 0.112 million a year ago. Net loss was NOK 27.83 million compared to net income of NOK 122.05 million a year ago. Basic loss per share from continuing operations was NOK 0.24 compared to basic earnings per share from continuing operations of NOK 1.04 a year ago. Diluted loss per share from continuing operations was NOK 0.24 compared to diluted earnings per share from continuing operations of NOK 1.04 a year ago.