Norsk Solar AS – Q3 2022 Financial Report
Stavanger, 30 November 2022: The Board of Directors of Norsk Solar AS ("Norsk Solar", OSEBX ticker: NSOL) has approved the accounts for the third quarter of 2022, and the Q3 Financial Report has been published. In the third quarter, Norsk Solar’s consolidated EBITDA was NOK –21.8 million, compared to NOK –3.8 million in the same period last year. The decrease was mainly due to a recognized credit loss provision related to trade and other receivables in Ukraine of NOK 14.8 million. Adjusted for the credit loss provision this quarter, EBITDA ended on negative NOK 7.0 million.