The best financial results since 2008
Highlights · Agasti’s net income for the fourth quarter of 2015 was NOK 481 million compared to NOK -37 million in the same period last year. For the full year 2015, Agasti generated net income of NOK 517 million, compared to NOK -17 million in 2014. Sale of the operating activities · The sale of 34 per cent of the operating business to an affiliate of Blackstone is accounted for as a sale of the entire business resulting in a NOK 539 million tax free gain. The remaining 66 per cent share is recognized at fair value and accounted for as an investment in a joint venture