Vår Energi reports first quarter 2023 results
Vår Energi reports first quarter 2023 results Sandnes, Norway, 24 April 2023: Vår Energi ASA (OSE: VAR) reported USD 2 094 million in total income for the first quarter of 2023, a decrease of 12% from the fourth quarter 2022 primarily due to the timing of liftings. Profit before taxes was USD 1 276 million in the quarter, a decrease of around 29% compared to last quarter. Cash flow from operations (CFFO) was USD 1 358 million in the quarter, up from USD 445 million in the previous quarter. A dividend of USD 300 million (NOK 1.226 per share) for the fourth quarter of 2022 was paid in