HNA/HNB - Results first-quarter 2007
Highlights first-quarter 2007
- After-tax profit of NOK 2,750 million (NOK 1,071 million), of which NOK 2,447 million (NOK 783 million) is attributable to the investment in Renewable Energy Corporation.
- Operating profit excluding REC: NOK 563 million (NOK 530 million) - up 6 percent.
- Return on equity, excluding REC: 17.5 percent p.a. (16.2 percent).
- Cash flow from operations: NOK 913 million - up NOK 958 million compared with 1Q 2006.
- NOK 4.8 billion in capital freed up on sale of 35 million REC shares.
- New Group SVPs appointed for Treasury and Staff.
- The Board proposes the payment of a NOK 15.00 extraordinary per-share dividend as a result of the sale of REC shares.
For further comments and key figures please look to the enclosed shareholders report.
Hafslund ASA
Oslo, 3 May 2007
For further information:
Heidi Ulmo, Vice President Investor Relations
Telephone: +47 90 91 93 25