OKEA ASA - First quarter 2024 financial results
(Trondheim, 25 April 2024) - OKEA ASA (OSE: OKEA) delivered operating income of NOK 3,474 (2,118) (correction from trading update of NOK 3,422) million and EBITDA of NOK 2,159 (1,661) million in the first quarter of 2024. The cash balance amounted to NOK 2,130 (2,301) million. An impairment charge of NOK 158 million was recognised in the quarter which comprises NOK 260 million of goodwill impairments from Statfjord, partly offset by NOK 102 million in reversal of previous impairments at Yme.(Amounts in parentheses refer to previous quarter) “The all-time high production in the quarter