North Energy ASA (“North Energy” or “Company”) recorded a comprehensive income of NOK 39.7 million in the second quarter of 2023 compared to a comprehensive income of NOK 23.0 million in the same quarter last year. The income reported this quarter is mostly driven by increase in the value of financial investments and net result from associated companies.
At the end of the second quarter 2023, North Energy’s total investment portfolio had a market value NOK 408.6 million, up from NOK 357.1 million at the end of same quarter last year. The portfolio consists of industrial holdings, listed financial investments and other financial investments. The report for the second quarter and first half year 2023 is available here.