Month: May 2022

Oslo, 12 May 2022 – DNO ASA, the Norwegian oil and gas operator, today reported an 84 percent jump in operating profit in the first quarter of 2022 to USD 236 million on the back of high oil and gas prices and solid production performance. Net debt dropped USD 126 million quarter-on-quarter to USD 27 million. “Oil and gas are back,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani, “and of course, DNO never left.” Operations have continued uninterrupted across the portfolio, notwithstanding the challenges faced by the industry in the past two years. “We’ve remained true to our commitment to develop oil and gas in a cost-effective and responsible way,” he added. In addition to raising investments in its core business with the additional financial firepower, the Company will now step up to pay down debt and return cash to shareholders,...

RECORD QUARTER – EXTRAORDINARY DIVIDEND AND POSITIVE MARKET OUTLOOK HIGHLIGHTS Operating income of USD 229.5m (USD 76.4m)   EBITDA of USD 60.5m (USD 14.7m) including USD 22.6m from Lighthouse Navigation  Net result of USD 59.5m (USD 16.5m)  Declared ordinary dividend of USD 26.2m (NOK 1.00 per share)  Declared extraordinary dividend of USD 32.7m (NOK 1.25 per share)  TCE of USD 25 466 gross per day for owned fleet  Secured long term lease agreements for four vessels at competitive terms  90 per cent of ship days in Q2 are booked at about USD 24 700 gross per day. 70 per cent of ship days in the next four quarters are booked at about USD 24 000 gross per day.  Modern fleet of 29 vessels with an average age of 3.5 years and daily cash breakeven for 2022 of about USD 10 000 per vesselSubsequent eventsBelships has entered into agreements...

Oslo, Norway – 12 May 2022- IDEX Biometrics ASA, a leading provider of advanced fingerprint authentication solutions for payment cards and adjacent applications, today released financial results for the first quarter ending March 31, 2022. A webcast presentation will be held by Vince Graziani, Chief Executive Officer, at 09:00 CET. The webcast presentation can be viewed at the following link: https://channel.royalcast.com/landingpage/hegnarmedia/20220512_11/ The interim report and the presentation to be used in the webcast are available on the IDEX Biometrics website: www.idexbiometrics.com/investors The interim report is attached to this notice (as .pdf file). IDEX Q1 2022 Interim Report Commercial Update Recent events are indicative of an accelerating uptake of smart cards incorporating fingerprint authentication enabled by IDEX Biometrics. ...

(Figures in brackets refer to the corresponding period of 2021) EBITDA  for the first quarter was USD 4.8 million (negative USD 10.1 million), reflecting a higher activity level and the highest first quarter fleet utilisation rate of 68.1 per cent (25.7 per cent) since 2015. Liquidity at the end of the quarter was USD 64.7 million. In addition, a significant increase in the order backlog was secured just after quarter end. Recent highlights Fleet utilisation and financial resultsFleet utilisation of 68.1 per cent (25.7 per cent), the highest first quarter utilisation rate since 2015 EBITDA of USD 4.8 million for the quarter (negative USD 10.1 million) Cash flow from operations in Q1 was negative 0.4 million (negative USD 7.6 million) as 2 vessels were ramping up for contracts and one vessel was largely on standby in-field between 2...

OSLO, Norway (12 May 2022) – TGS today reported interim financial results for Q1 2022. Total revenue amounted to USD 132 million in Q1 2022 versus USD 142 million in Q1 2021. EBITDA was USD 101 million, and the operating result was USD 34 million, compared to USD 119 million and USD 25 million, respectively, in Q1 2021. Percentage-of-completion (PoC) revenue (1) amounted to USD 114 million in Q1 2022, a significant increase from USD 75 million in Q1 2021. Free cash flow (2) amounted to USD 31 million in Q1 2022, compared to USD 86 million in Q1 2021. After shareholder distribution of USD 19 million, the cash balance totaled USD 215 million on 31 March 2022 versus USD 254 million a year earlier. The solid financial position allows TGS to maintain the quarterly dividend at USD 0.14 per share in Q2 2022. “We are very please about...

Kojamo plc Stock Exchange Release, 12 May 2022 at 8:00 a.m. EEST Kojamo plc’s Interim Report 1 January – 31 March 2022 Total revenue increased, the number of apartments exceeded 37,000 This is a summary of the January–March Interim Report, which is in its entirety attached to this release and can be downloaded from the company’s website at www.kojamo.fi/investors. Unless otherwise stated, the comparison figures in brackets refer to the corresponding period of the previous year. The figures in this Interim Report have not been audited. Summary of January–March 2022Total revenue increased by 2.4 per cent to EUR 99.5 (97.2) million Net rental income increased by 2.8 per cent to EUR 57.0 (55.5) million. Net rental income was 57.3 (57.0) per cent of total revenue Profit before taxes was EUR 62.9 (177.1) million. The profit includes EUR 27.9...

Corrections have been made to the consolidated statement of financial position. In Q1 2022 Inbank earned a net profit of 2.9 million euros. The quarterly profit grew by 15% compared to a year ago and return on equity was 14.8%.Inbank’s loan portfolio increased by 48% compared to Q1 2021 reaching 640 million euros.  The deposit portfolio grew by 50% and reached 677 million euros by the end of Q1. Total sales for Q1 was 125 million euros increasing 29% year-on-year. In terms of product segments, sales finance grew 22% year-on-year to 86 million euros, amounting to 68% of total sales. Personal loans increased by 70% to 15 million euros, while car financing increased in sales volume by 38% to 23 million euros. By the end of Q1, Inbank had 804,000 active contracts and over 4,700 active merchant partners.Priit Põldoja, Chairman...

Total Operational EBIT for the first quarter was NOK 1,262 million, 28.02 NOK per kg Total operational EBIT for Norway for the first quarter was NOK 1,201 million, 28.83 NOK per kg Farming segments in Norway deliver record high results, where in particular Fish Farming Northern Norway has strong results. Northern Norway has its third quarter in a row with low cost level and continues to deliver a strong result. Fish Farming Central Norway delivers positive cost development and continued strong operational performance. High salmon prices affecting price achievement from contracts within Sales & Industry, but underlying operations improving performance from previous quarters Icelandic operations with solid results due to strong price achievement, strong capacity utilization at harvest plant and stable cost level SalMar Aker Ocean,...