North Energy 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 0.032 million compared to NOK 0.079 million a year ago. Net income was NOK 22.97 million compared to net loss of NOK 20.78 million a year ago. Basic earnings per share from continuing operations was NOK 0.2 compared to basic loss per share from continuing operations of NOK 0.18 a year ago. Diluted earnings per share from continuing operations was NOK 0.2 compared to diluted loss per share from continuing operations of NOK 0.18 a year ago.
For the six months, sales was NOK 0.082 million compared to NOK 0.114 million a year ago. Net income was NOK 10.35 million compared to net loss of NOK 51.44 million a year ago. Basic earnings per share from continuing operations was NOK 0.09 compared to basic loss per share from continuing operations of NOK 0.44 a year ago. Diluted earnings per share from continuing operations was NOK 0.09 compared to diluted loss per share from continuing operations of NOK 0.44 a year ago.