Volue ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 18, 2023 at 02:04 am
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Volue ASA reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NOK 399.34 million compared to NOK 298.33 million a year ago. Net income was NOK 33.68 million compared to NOK 10.39 million a year ago. Basic earnings per share from continuing operations was NOK 0.23 compared to NOK 0.07 a year ago. Diluted earnings per share from continuing operations was NOK 0.23 compared to NOK 0.07 a year ago.
For the six months, sales was NOK 738.83 million compared to NOK 584.32 million a year ago. Net income was NOK 52.33 million compared to NOK 16.79 million a year ago. Basic earnings per share from continuing operations was NOK 0.36 compared to NOK 0.12 a year ago. Diluted earnings per share from continuing operations was NOK 0.36 compared to NOK 0.12 a year ago.
Volue ASA, formerly Volue AS is a Norway-based holding company. It operates through numerous subsidiaries, including Volue Technology Danmark A/S, Volue Industrial IoT AS, Volue Germany GmbH and Volue Sp Zoo. Volueâs activities are divided into three industry segments: Energy, Power Grid and Infrastructure. The Energy segment delivers solutions that help customers master the energy transition by enabling wall-to-wall digitalization of the green energy value chain. The Power Grid segment enables power distributors to support electrification of society by unlocking flexibility and digital management of the power grid, while the Infrastructure segment offers customers flexible capabilities for digital water management and helps automate processes and machines for the construction industry. The Company operates worldwide.