Nordic Business Report-August 16, 2006-Borgestad ASA reports 1H pre-tax profit of NOK299.7m
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The Norwegian shipping and industrial group Borgestad ASA issued on Tuesday (15 August) its report for the first half of the year, posting a pre-tax profit of NOK299.7m, as compared to a loss of NOK9.1m in the first half of 2005.
The result includes a gain of NOK253.9m from the sale of the group's shipping business Borgestad Shipping AS.
Operating revenues amounted to NOK270.0m, up from NOK239.7m in the first half of last year.
One Norwegian krone (NOK) is worth approximately 0.09 British pounds (GBP).
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