HNA/HNB - Results third quarter 2005

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Highlights third-quarter 2005
 
  • NOK 520 million operating profit - nearly double 3Q 2004's NOK 272 million.
  • Profit after tax of NOK 333 million - up NOK 251 million over 3Q 2004.
  • Solid value growth on REC (Renewable Energy Corporation) investment - ownership stake increased.
  • Return on equity: 18.3 percent p.a. (up from 5.6 percent p.a.).
  • Fair value recording implemented on loans as of 1 January 2005.
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    For further comments and key figures please look to the enclosed report to the shareholders.

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