Friday, August 3, 2012

Norske Skog Reports Q2 Results

Norske Skog, Second Quarter 2012: Lower Debt and Stable Margins: (Norway) Higher capital utilisation and lower costs strengthen Norske Skog's gross operating earnings in the second quarter compared with the same quarter last year. Gross operating earnings in the second quarter were NOK 393 million, up from NOK 248 million in the same period last year, mainly due to lower costs and better capacity utilisation.