Saga Pure: Second quarter 2023 financial results
(Oslo, 28 August 2023) Saga Pure ASA (Saga Pure, OSE: SAGA) reported a net loss in the second quarter 2023 of NOK 5.7 million (Q2 2022: Profit NOK 137.8 million), corresponding to a return on equity of minus 8.8 percent year to date. The negative result in the second quarter is mainly driven by realized loss in Horisont Energi AS and negative contribution from associates. Saga Pure continues to implement the expanded investment mandate with a focus on capital discipline and selective investments.“Saga sold the remaining shares in Horisont and hence realized a loss of NOK 4.4 million during