Solid first quarter result for Moelven
Moelven posted one of the Group's best first quarter profit figures, reporting NOK 51 million in operating profit and a 3.3 per cent operating margin. The operating profit for the same period last year was NOK 3 million. The total profit figure for the past 12-month period is NOK 200 million.A combination of a general improvement in market conditions and the successful implementation of a wide range of internal efficiency measures have been the main factors contributing to the favourable results. "The various measures have primarily been aimed at increasing the efficient use of raw