OKEA ASA - First quarter 2022 financial results
(Trondheim, 5 May 2022) - OKEA ASA (OSE: OKEA) reported a total operating income of NOK 1,513 (1,725) million and an EBITDA of NOK 1,143 (1,258) million in the first quarter of 2022. Net profit after tax amounted to NOK 213 (283) million. Total liquidity increased by NOK 430 million to NOK 2,679 (2,249) million on top of buyback of bonds for NOK 289 million in the quarter.(Amounts in parentheses refer to previous quarter) “Despite the reduction in volumes in the first quarter OKEA delivered solid financial results. Our current cash balance exceeds our outstanding bond debt, our organic