Cloudberry Clean Energy ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 04:15 am EDT
Share
Cloudberry Clean Energy ASA reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was NOK 73 million compared to NOK 55 million a year ago. Revenue was NOK 74 million compared to NOK 55 million a year ago. Net loss was NOK 35 million compared to net income of NOK 57 million a year ago. Basic loss per share from continuing operations was NOK 0.12 compared to basic earnings per share from continuing operations of NOK 0.23 a year ago. Diluted loss per share from continuing operations was NOK 0.12 compared to diluted earnings per share from continuing operations of NOK 0.23 a year ago.
For the nine months, sales was NOK 214 million compared to NOK 138 million a year ago. Revenue was NOK 477 million compared to NOK 142 million a year ago. Net income was NOK 405 million compared to NOK 80 million a year ago. Basic earnings per share from continuing operations was NOK 1.39 compared to NOK 0.33 a year ago. Diluted earnings per share from continuing operations was NOK 1.39 compared to NOK 0.33 a year ago.
Cloudberry Clean Energy ASA is a renewable energy company based in Norway. The Company owns, develops and operates hydropower plants and wind farms in Norway and Sweden. The Companyâs activities are divided into three segments: The Cloudberry Production, which owns long-term yield hydro and wind assets in Norway and Sweden; The Cloudberry Development, that has on and offshore development portfolio with renewable assets in Sweden and Norway and The Cloudberry Clean Energy (Corporate), which represents companyâs activity in 2021.