NORDEN reports net profit of USD 108 million in Q2 2023 and continues to return cash to shareholders
ANNOUNCEMENT NO. 111 - 10 AUGUST 2023 For Q2 2023, NORDEN reports a profit of USD 108 million (approx. DKK 740 million). For the first half of 2023 net profit amounted to USD 258 million (approx. DKK 1.8 billion). Cash flow from operating activities in Q2 amounted to USD 201 million (approx. DKK 1.4 billion). For the first half of 2023, cash flow from operating activities amounted to USD 347 million (approx. DKK 2.4 billion). Return on equity (annualised) was 30% at the end of Q2 and was 36% for the first half of 2023. Based on year-to-date net income of USD 258 million and high