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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Emles Real Estate Credit ETF | AMEX:REC | AMEX | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 20.055 | 0 | 01:00:00 |
From Jun 2019 to Jun 2024
Norwegian Renewable Energy Corp. ASA (REC.OS) said Tuesday it swung to a NOK6.68 billion net loss in the second quarter as impairment charges pressured results. It also said it plans further production cuts.
MAIN FACTS:
-The firm had a net loss of NOK6.68 billion for the second quarter, compared with a net profit of NOK757 million for the same period last year.
-According to a Dow Jones/Factset analyst survey, average expectations were for a NOK163.1 million net profit.
-Impairment charges amounted to NOK6.5 billion, related mainly to the firm's operations in Norway.
-Revenue increased to NOK3.39 billion from NOK2.76 billion a year earlier, but was below the NOK3.43 billion analysts had expected.
-Earnings before interest, taxes, depreciation, and amortization was NOK871 million, compared with NOK455 million a year earlier.
-The firm said market conditions are expected to improve in the second half, but it still targets further production cuts.
-Shares closed at NOK8.30 Monday.
-By Katarina Gustafsson, Dow Jones Newswires +46-8-5451-3097; katarina.gustafsson@dowjones.com
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