North Energy ASA reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was NOK 0.032 million compared to NOK 0.038 million a year ago. Net income was NOK 0.878 million compared to NOK 47.72 million a year ago. Basic earnings per share from continuing operations was NOK 0.01 compared to NOK 0.41 a year ago. Diluted earnings per share from continuing operations was NOK 0.01 compared to NOK 0.41 a year ago.
For the nine months, sales was NOK 0.113 million compared to NOK 0.152 million a year ago. Net income was NOK 11.23 million compared to net loss of NOK 3.72 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 0.03 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 0.03 a year ago.