trending Market Intelligence /marketintelligence/en/news-insights/trending/KJugSOqJfC9EMtEqE4Os8Q2 content esgSubNav
In This List

Norway Royal Salmon swings to loss in Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Norway Royal Salmon swings to loss in Q1

Norway Royal Salmon AS said its normalized net income for the first quarter came to a loss of 65 Norwegian øre per share, compared with the S&P Capital IQ consensus estimate of 1.11 kroner per share.

The per-share result swung to a loss from the prior-year profit of 29 øre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 28.3 million kroner, compared with income of 12.8 million kroner in the year-earlier period.

The normalized profit margin declined to negative 3.7% from 1.8% in the year-earlier period.

Total revenue rose 9.3% on an annual basis to 760.1 million kroner from 695.4 million kroner, and total operating expenses increased 18.9% from the prior-year period to 792.2 million kroner from 666.3 million kroner.

Reported net income totaled a loss of 62.7 million kroner, or a loss of 1.44 kroner per share, compared to income of 2.7 million kroner, or 6 øre per share, in the year-earlier period.

As of May 12, US$1 was equivalent to 7.47 Norwegian kroner.