Saga Pure: Third quarter 2023 financial results
(Oslo, 8 November 2023) Saga Pure ASA (Saga Pure, OSE: SAGA) reported a net loss in the third quarter 2023 of NOK 11 million (Q3 2022: Loss NOK 114 million), giving a return on equity of minus 9.9 percent year to date. The negative result in the third quarter is due to a negative contribution from the associated company Heimdall Power AS (“Heimdall Power”). Net profit excluding loss from associates was NOK 23.9 million. Saga Pure continues to implement the expanded investment mandate with a focus on capital discipline and selective investments.“Saga made a profit of NOK 13.9 million on its