Nordic Business Report-April 27, 2006-Fara ASA posts Q1 operating loss of NOK7.56m
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The Norwegian automatic fare collection technology provider Fara ASA issued its first quarter report on Thursday (27 April), posting an operating loss of NOK7.56m, as compared to a loss of NOK7.78m in the first quarter of 2005.
Revenues amounted to NOK26.89m, as compared to NOK4.53m in the first quarter last year.
One Norwegian krone (NOK) is worth approximately 0.09 British pounds (GBP).
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