Saga Pure ASA

SAGA

NO0010572589

Investment Holding Companies

Market Closed - Oslo Bors Other stock markets 15:45:00 31/05/2024 BST			5-day change	1st Jan Change
1.275 ^NOK	+0.39%		+0.79%	-2.67%

05-14	Saga Pure ASA Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
02-15	Saga Pure ASA Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Saga Pure: First quarter 2024 financial results

May 14, 2024 at 06:31 am

(Oslo, 14 May 2024) Saga Pure ASA (Saga Pure, OSE: SAGA) reported a net profit in the first quarter 2024 of NOK 18 million, giving a return on equity of 2.1 percent year to date. Saga Pure is, with no interest-bearing debt and a substantial cash holding, well positioned to pursue new investment opportunities going forward. Saga Pure continues to invest in line with the broadened mandate, but with a focus on capital discipline, cautious investment approach and selective investments.

For the first quarter 2024, Saga Pure reported a net profit of NOK 18 million. Saga had in the first quarter a gain on short term investments of NOK 14.2 million, and a loss from associate of NOK 2.3 million. At end of first quarter, Saga had short term investments valued at NOK 167.5 million, and investment in associates with a book value of NOK 32.9 million. Saga Pure had a gain net financial items of NOK 8.3 million, as a result of interest income from loans, bonds and bank deposits.

First quarter of 2024 ended with a return on equity of plus 2.1 percent year to date for Saga Pure. Saga Pure had NOK 636 million in cash and no debt end of first quarter.

The Board of Directors' report is enclosed.

ENDS

For additional information, please contact:

Espen Lundaas, CEO, +47 924 31 417

Tore Jakob Berg, CFO, +47 934 80 202

About Saga Pure | www.sagapure.com

Saga Pure ASA is an investment company with a broad investment mandate.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Espen Lundaas, CEO, Saga Pure ASA, on 14 May 2024 at 07:30 CET.

https://news.cision.com/saga-pure-asa/r/saga-pure--first-quarter-2024-financial-results,c3978052

https://mb.cision.com/Public/20232/3978052/b95f81a3cddb5c60.pdf

https://mb.cision.com/Public/20232/3978052/a1792d6545f19823.pdf

Latest news about Saga Pure ASA

Saga Pure ASA Reports Earnings Results for the First Quarter Ended March 31, 2024	05-14	CI
Saga Pure ASA Reports Earnings Results for the Full Year Ended December 31, 2023	02-15	CI
Saga Pure ASA Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	02-15	CI
Saga Pure ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	11-08	CI
Saga Pure ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	29/08/23	CI
Saga Pure ASA announced that it expects to receive NOK 0.05 million in funding	31/05/23	CI
Saga Pure ASA Reports Earnings Results for the First Quarter Ended March 31, 2023	10/05/23	CI
Saga Pure ASA Reports Earnings Results for the Full Year Ended December 31, 2022	16/02/23	CI
Saga Pure ASA Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	16/02/23	CI
Norway's Saga Pure Names Interim CEO	12/01/23	MT
Saga Pure ASA Appoints Tore Jakob Berg as Interim-CFO, Effective January 15, 2023	12/01/23	CI
Saga Pure ASA Appoints Espen Lundaas as Interim Chief Executive Officer, Effective 15 January 2023	12/01/23	CI
Saga Pure ASA Announces the Step Down of Bjørn Simonsen as CEO, Effective 15 January 2023	22/12/22	CI
Saga Pure Unveils Demerger, Listing Plan for New Investment Company	16/11/22	MT
Transcript : Saga Pure ASA, Q3 2022 Earnings Call, Nov 10, 2022	10/11/22
Saga Pure ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	10/11/22	CI
Saga Pure Announces the Intention to Establish A New Industrial Investment Company Focused on Distressed Assets	10/11/22	CI
Saga Pure Plans Industrial Investment Company Spinoff, Listing on Euronext Growth in 2023	09/11/22	MT
Saga Pure ASA Declares Dividend	25/08/22	CI
Saga Pure ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	25/08/22	CI
Saga Pure ASA (OB:SAGA) completed the acquisition of 22.1% stake in Heimdall Power AS for NOK 17.7 million.	23/08/22	CI
Saga Pure ASA Reports Earnings Results for the First Quarter Ended March 31, 2022	09/05/22	CI
Saga Pure ASA Reports Earnings Results for the Fourth Quarter Ended December 31, 2021	16/02/22	CI
Saga Pure ASA Reports Earnings Results for the Full Year Ended December 31, 2021	16/02/22	CI
Saga Pure ASA Announces Dividend	16/02/22	CI

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Company Profile

Saga Pure ASA, formerly known as Saga Tankers ASA, is a Norway-based investment and management Company related to industry, energy, real estate, including ownership and investment in other businesses. The Company seeks out and invests in companies within renewable energy, hydrogen, circular economy and reduction of CO2 emissions. The Company's portfolio consists of such entities as Bergen Carbon Solutions, Horisont Energi, Heimdall Power, IC Technology, Hyon, Everfuel and Pryme. The Company operates domestically.

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Investment Holding Companies

Calendar

21/08/2024 - Q2 2024 Earnings Release (Projected)

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