Borgestad ASA reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was NOK 213.41 million compared to NOK 254.85 million a year ago. Net loss was NOK 103.45 million compared to net income of NOK 6.8 million a year ago.

Basic loss per share from continuing operations was NOK 0.68 compared to basic earnings per share from continuing operations of NOK 0.54 a year ago.