Q-FREE ASA - SECOND QUARTER RESULT 2010
“Focus this year is to position the company for several bigger infrastructure projects, - many of them to be concluded in 2011 and 2012. 2010 will be a transition year and will not represent a financial improvement due to lack of infrastructure project awards in 2010”, says CEO Dr. Oyvind Isaksen.Highlights from the quarter; · Revenues of 169.6 MNOK, highest product revenue since 2005 · Operating profit of 8.8 MNOK, 5.2 % margin · Profit before tax amounted to 7.6 MNOK, 4.5 % margin · Cash position weakened, but expected to improve in the coming quarters · Order intake of
