Thursday, July 18, 2013

Norske Skog Reports Q2 Results

http://www.norskeskog.com/Default.aspx
Second quarter of 2013: Gross operating earnings NOK 214 million (NOK 174 million in the first quarter of 2013)
Cash flow from operating activities NOK 298 million before net financial payments in the quarter (NOK -122 million in the first quarter of 2013)
Net interest-bearing debt increased by NOK 159 million to NOK 6 641 million reflecting NOK depreciation, net financial items and cash proceeds from divestments
Divestment of 51% of Norske Skog Pisa announced and completed in the quarter, terms for disposal of remaining 49% agreed upon with the same buyer.