Tagged: profit

Good results for Norwegian banks

Norwegian banks’ profit in the third quarter of 2010 amounted to NOK 6.3 billion. This was NOK 591 million higher than the result in the equivalent quarter last year. Most of the increase came...

Statoil posts Q2 profit surge

By IAN MacDOUGALL (AP) OSLO, Norway — Norwegian oil company Statoil ASA said second-quarter net profit surged to 3.6 billion kroner ($584 million) from only 77 million kroner a year earlier, as increased production...

Norsk Hydro Q2 profit more than doubles

OSLO, Norway — Norwegian aluminum producer Norsk Hydro ASA on Tuesday posted a more than doubled second-quarter net profit, citing higher aluminum prices and increased sales. For Full Story & Source: AP

Healthy profits and lower-than-expected write-downs

DnB NOR recorded profits of NOK 1.689 million in the fourth quarter of 2009, up from NOK 1.629 million in the year-earlier period. Profits for the year came to NOK 7.026 million, which demonstrates...

Oslo Børs Plans Clearinghouse

Norway’s stock exchange plans to develop its own clearinghouse for share trades, becoming the latest European market to enter the lucrative clearing market in an effort to prop up profits and address investor concerns...

Norway, the most profitable investment so far in 2009

Investors that bet on Norway in 2009 were not mistaken. Investment funds in local bonds, equity funds, money markets or fixed-interest funds surpassed the 10% profitability rate in January. According to categorical data from...