AF Gruppen ASA (AGRUF) has released an update.
AF Gruppen ASA reported a significant decrease in earnings before tax to NOK 21 million in Q2 2024, down from NOK 292 million in the same quarter last year, attributing the weak result to a downward adjustment in a project estimate within its Offshore division. Despite this, the company maintained a solid order backlog of NOK 38,253 million and reduced its net interest-bearing debt to NOK 979 million. The overall revenue for the first half of the year slightly dropped compared to the previous year.
For further insights into AGRUF stock, check out TipRanks’ Stock Analysis page.
