An update from North Energy ASA ( (DE:RN2) ) is now available.
North Energy ASA reported a comprehensive income of NOK 9.6 million for Q4 2024, a significant improvement from a loss of NOK 21.0 million in the same quarter last year, primarily due to increased value of financial investments. The company’s Net Asset Value increased by 2.0% from the previous quarter and 54.4% from the previous year, with plans to propose a dividend of NOK 0.15 per share. A notable development is the NOK 1.2 billion grant awarded to Wind Catching Systems, positioning North Energy favorably in the renewable energy sector.
More about North Energy ASA
North Energy ASA operates in the financial investment sector, focusing on enhancing the value of its financial portfolio and investments in associated companies. The company has seen significant growth in its financial investments, with a market focus that includes partnerships with innovative energy projects such as Wind Catching Systems.
YTD Price Performance: 10.0%
Average Trading Volume: 8,028
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €26.34M
For an in-depth examination of RN2 stock, go to TipRanks’ Stock Analysis page.