Saga Pure: First quarter 2023 financial results
(Oslo, 10 May 2023) Saga Pure ASA (Saga Pure, OSE: SAGA) reported a net loss in the first quarter 2023 of NOK 81.7 million (Q1 2022: Profit NOK 53.6 million), corresponding to a return on equity of minus 8.2 percent year to date. The negative result in the first quarter is mainly driven by the share price development in legacy investment Horisont Energi AS. Saga Pure continues to implement the expanded investment mandate with a focus on capital discipline and selective investments.“The reported financial results in the first quarter of 2023 reflect the negative share price development in