HNA/HNB - Results second-quarter 2006
Highlights second-quarter 2006
- After-tax profit of NOK 7,439 million - up from NOK 276 million in 2Q 2005.
- NOK 7,213 million value growth in Renewable Energy Corporation (REC) shareholding, compared with NOK 52 million in 2Q 2005.
- Profit before tax and divested business activities excluding REC: NOK 397 million - up 74 percent compared with NOK 228 million in 2Q 2005.
- Return on equity for the first six months of 2006: 163 percent p.a. (first six months of 2005: 19 percent p.a.).
- Agreement in principle on Viken Fjernvarme buyout and purchase of Priority Telecom are key advances in Hafslund's targeting of alternative energy sources and fiber optic network infrastructure.
- Rune Bjerke resigns as Hafslund ASA's President and CEO to become President and CEO of DnB NOR ASA.
For further comments and key figures please look to the enclosed report to the shareholders.
Hafslund ASA
Oslo, 18 July 2006