Norda ASA reported unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported total operating revenue of EUR 146,000 compared to EUR 323,000 a year ago. Negative EBITDA was EUR 1.008 million compared to EUR 0.624 million a year ago. Negative EBIT was EUR 1.023 million compared to EUR 0.649 million a year ago. Profit before taxes and profit from continuing operations was EUR 0.323 million compared to EUR 1.250 million a year ago. Net loss attributable to equity holders of the company was EUR 0.137 million compared to EUR 8.007 million or EUR 11.7 per diluted share a year ago. Net cash used in operating activities was EUR 3.830 million compared to EUR 3.156 million a year ago.

For nine months, the company reported total operating revenue of EUR 0.599 compared to EUR 0.843 million a year ago. Negative EBITDA was EUR 5.948 million compared to EUR 3.567 million a year ago. Negative EBIT was EUR 6.013 million compared to EUR 3.615 million a year ago. Profit before taxes and profit from continuing operations was EUR 5.160 million compared to EUR 3.783 million a year ago. Net profit attributable to equity holders of the company were EUR 12.828 million or EUR 4.6 per diluted share compared to net loss attributable to equity holders of the company EUR 32.703 million or EUR 47.7 per diluted share a year ago. Net cash used in operating activities was EUR 28.147 million compared to EUR 25.064 million a year ago.