Business
NORTH: NAV up 19% year-over-year, but Q1 loss driven by higher costs and lower investment returns
NORTH: NAV up 19% year-over-year, but Q1 loss driven by higher costs and lower investment returns
About this update from North Energy Asa
NAV rose 19% year-over-year (adjusted for dividends), but Q1 saw a NOK 9.2 million loss due to higher costs and weaker financial portfolio results. Reach Subsea posted record EBIT, and Wind Catching Systems secured NOK 1.2 billion in state funding.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.