HNA/HNB - Results fourth-quarter 2009
Fourth-quarter 2009 highlights (exclusive of REC profit effect) · Operating profit: NOK 348 million (4Q 2008: NOK -34 million). The 4Q 2008 figure had major value declines on shares and derivatives. · Favorable Network business development. · District Heating production: up 15%. · Profit affected by lower power prices in 4Q 2009 than in 4Q 2008. · Capital freed up from partial divestment of REC shareholding: NOK 631 million. · Investments of NOK 1.6 billion in 2009. · Board of Directors proposes dividend for 2009: NOK 2.25 (2008: NOK 2.25) per share.