North Energy AsaOSL: NORTH

NORTH: NAV up 19% year-over-year, but Q1 loss driven by higher costs and lower investment returns

· Issued by 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.

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